Pandora calls activate on company seen attracting interest report Pandora August 26 and 26.5 calls are active on total call volume of 10K contracts (5K puts) on the company seen attracting buyout interest, DealReporter says. August call option implied volatility is at 71, August is at 58 and December is at 57; compared to its 26-week average of 55 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
Judge rules Sirius XM infringed copyrights by playing songs recorded pre-1972 In a $100M royalty lawsuit between the rock band The Turtles and Sirius XM (SIRI), a California federal judge ruled that Sirius XM infringed copyrights and violated California state laws by broadcasting songs recorded before 1972 without paying royalties for the performance of the recording. Judge Philip Gutierrez ruled that the music industry can claim additional copyright in broadcasted songs that were recorded before 1972. The ruling can have a far reaching impact on digital radio providers who may have to cough up additional royalty fees for playing songs recorded before 1972. Pandora (P) is also a digital radio provider. Reference Link