Sirius XM Holdings Inc. (NASDAQ:SIRI) experienced a significant surge in options trading on October 10, 2025, with traders purchasing 43,327 call options, a 323% increase from the average volume of 10,254. This heightened activity in the derivatives market suggests that some investors may be anticipating a future rise in the company's stock price. On the same day, the stock price saw a minor decrease of 0.3% to $22.51. This unusual options volume comes amid varied analyst perspectives on the stock, with some viewing it as a high-yield dividend opportunity and others expressing concerns over declining revenue and subscriber growth. The company's stock was also reported to have fallen 4.6% in the afternoon session due to broader market concerns over trade relations with China. Earlier in the month, SiriusXM announced it would be reporting its third-quarter 2025 financial results on October 30, 2025.