Quantchabot has detected a new Bull Call Spread trade opportunity for SIRIUS XM HOLDINGS INC. COMMON (SIRI) for the 24-Jul-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
SIRI was recently trading at $30.20 and has an implied volatility of 32.28% for this period. Based on an analysis of the options available for SIRI expiring on 24-Jul-2026, there is a 34.22% likelihood that the underlying will close within the analyzed range of $30.27-$32.81 at expiration. In this scenario, the average linear return for the trade would be 11.06%.
52 week high: SIRIUS XM HOLDINGS INC. COMMON recently reached a new 52-week high at $30.61. SIRI had traded in the range $19.77-$30.11 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if SIRI maintains its current direction and does not revert back to pricing on the bearish side of $30.20 on 24-Jul-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if SIRIUS XM HOLDINGS INC. COMMON closes at or above $29.99 on 24-Jul-2026. Based on our risk-neutral analysis, there is a 54.70% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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