Volatility Skew May Be Pointing to an Earnings Surprise for Sirius XM (SIRI) Stock
Sirius XM (SIRI) stock has faced a challenging period, losing over 15% in the last 52 weeks and 67% over five years. Despite a 100% Strong Sell rating from Barchart, SIRI has shown a curious nearly 2% gain in the new year, leading to speculation about an upcoming earnings surprise. An analysis of volatility skew and options flow suggests a non-trivial possibility of an earnings beat, with smart money seemingly prioritizing both downside protection and upside optionality.
https://www.barchart.com/story/news/37363857/volatility-skew-may-be-pointing-to-an-earnings-surprise-for-sirius-xm-siri-stock