Even though the markets were closed today, XM and Sirius announced a merger that a lot of people have been expecting. Some people don’t know if the FCC will approve it but I think they will make the necessary change in the law allowing this because of other competitions such as HD radio. I don’t know how much Sirius’ stock will jump because of this but XM’s stock looks like it may jump at least 3 or 4 bucks when the market opens tomorrow. I had some Jan 08 $5  calls for Sirius that I’m hoping will  go up.

http://biz.yahoo.com/ap/070219/xm_radio_sirius.html?.v=11

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