SIRI
BULL
2026-05-21
Overnight Institutional Flow Signal
Score
6/10
Move
5.6%
Flow
$2.4M
AI Trade Thesis
SIRI BULL $29C Jun 12 '26. Bullish institutional flow follows positive management commentary at the J.P. Morgan conference and a key multi-year NASCAR renewal. Entry near $27.05 with a $31.00 target. Risk: Rejection at the $28.77 52-week high resistance level.
Flow Breakdown
Call Volume
$2.3M
Put Volume
$105K
Flow Intent
DIRECTIONAL
Catalyst
Partnership
Recommended Setup
ContractO:SIRI260612C00029000
Contract Score13.307/10
Risk/Reward0.9:1
Delta0.29
Key Levels
Resistance$28.77
Support$25.09
Price$27.05
SMA 50 / 200$25 / $23
52W Range$19 — $29
News & Catalyst Analysis
Key Headline
SiriusXM and NASCAR Announce Multi-Year Renewal of Broadcasting Agreement through 2028
News Summary
SiriusXM's 5.6% gain is fueled by a multi-year NASCAR broadcasting renewal through 2028 and positive sentiment following the CFO's presentation at the J.P. Morgan TMT conference. The name's bullish flow aligns with the broader bullish scan sentiment (60 bullish vs 23 bearish) and represents a significant rotation into the 'Other' sector cluster where institutional volume is currently concentrated.
Flow Intent Analysis
The $2.3M bullish flow appears immediately following a major conference presentation and targets a new 52-week high, suggesting a fresh directional bet on a breakout rather than a hedge.
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