Shares of Iridium Communications Inc. (IRDM) are up.16 to 7.38 today.? IRDM is in the middle of the 52 week range.
Today paper traded 1000 IRDM Jun 7.5 calls for .40.? The ADV is 976 contracts.? The OI is 2943 contracts.
The volume went up in scattered volume with the big blocks trading .40.? Most of the paper was call buying and the name has since pulled back. 3189 options traded and some could be closing the short interest now that IRDM is at the strike.? The trader on the 1000 lot block was a buyer so paper is looking for higher prices for most of the volume.? The stock has been very volatile of late.
30-day implied volatility is 38%.?? 10-day implied volatility is 96%.? 30 day implied volatility is trading above 10 Day Historical volatility.
Iridium Communications Inc., is a provider of mobile voice and data communications services via satellite.?