2250 IRDM Oct 7.5 puts went up in 1 block on the ISE out of sequence.?
Shares of Iridium Communications Inc. (IRDM) are down .53 to 7.80 today.? ?IRDM is near the middle of the 52 week range.
- Paper traded 2250 IRDM Oct 7.5 puts for .65.?
- The ADV is 232 contracts.?
- The OI is 4331 contracts.
The volume went up in 1 block on the ISE out of sequence.? Sep 7.5 puts traded as well that are a clear opening buy.? Traders are speculating on downside or at a minimum closing short puts on the move.? The IV is very high and most of the volume today is on the put side.
- IV 30 is trading for 70%.?
- HV10 is trading for 17%.?
- IV 30 is trading above the HV 10.
Iridium Communications Inc. is a satellite communications company that offers mobile voice and data communications services. The Company utilizes mesh architecture to route traffic across its satellite constellation using radio frequency crosslinks between satellites.