Ticker Options Intelligence

IRDM options intelligence

Iridium Communications Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 55 Market data through 31 Jul 2026 Checked 1 Aug 2026 12:18 · complete available chain

Call-side pressure

Bullish pressure

IRDM currently carries bullish options pressure with a 55/100 conviction score. The nearest-chain expected move is 10.4%, with volume/open-interest participation at 0.03.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Bullish

Call-side pressure

Expected move 10.4%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.07

Call-side skew

Trend fit 20

Options are not fully confirming trend

Weekly backdrop +3.4%

RS 55.8

Expected move 10.4%
Put-call volume 0.07
Volume / OI 0.03
Reference IV 0.37
Max pain 45.00
Underlying 47.34
Nearest expiry 21 Aug 2026
Contracts 184

Research Brief

IRDM has a bullish chain read with 55/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 42.44–52.24; The largest call open-interest concentration is 50.00; the largest put concentration is 50.00. The most active strike by current volume is 50.00.

Priced range42.44–52.24
Call concentration50.00
Put concentration50.00
Max pain reference45.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 42.44 to 52.24. Max pain at 45.00 sits inside that range, 4.9% below spot.

Spot Max pain
42.4447.34 ± 4.9052.24
Confirmation level

A close beyond 52.24 or below 42.44 at the 21 Aug expiry would exceed the move currently priced by this chain.

Important limitation

The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.

Score Construction

Why conviction is 55/100

Evidence alignment, not probability

Pressure is 96/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure96 × 42%
+40.2

How strongly activity leans toward calls or puts.

Participation14 × 22%
+3.1

Volume relative to existing open interest and contract-level activity.

Trend agreement20 × 26%
+5.2

How closely the chain read agrees with the underlying trend backdrop.

Volatility66 × 10%
+6.6

The intensity of implied volatility and the priced move.

Reconstructed score55.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 50.00; the largest put concentration is 50.00. The most active strike by current volume is 50.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
22.50-52.5%
0
14
25.00-47.2%
0
101
30.00-36.6%
13
430
35.00-26.1%
12
178
40.00-15.5%
127
145
45.00-4.9%
403
486
50.005.6%
15675
18
55.0016.2%
931
11
60.0026.7%
309
0
65.0037.3%
130
0
70.0047.9%
26
0
75.0058.4%
1
0
80.0069.0%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.86× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.37 21 Aug 21d
0.37 18 Sep 49d
0.41 16 Oct 77d
0.40 15 Jan 168d
0.43 17 Dec 504d
0.43 21 Jan 539d
0.43 15 Dec 868d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

40
45
50
55
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

Forward validation is building. The earliest eligible stored read expires 21 Aug 2026; its result will appear after the matched closing reference is stored.

Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
  • Versioned calculationv2 observations only
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

High

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
184 / 184
  • No material coverage gap was detected in the retained chain.

Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.

Options Intent Radar

Multi-expiry position-maintenance candidate

70/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $108110 of estimated gross traded notional, calls · 46-90 days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+96
1W price+3.4%
Call premium88%
Put premium12%
Notional split C 88% / P 12% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 20/100 Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 46-90 days · OTM
Calls · 46-90 days · OTM calls cluster with 722 contracts traded, $57442 estimated gross traded notional, and 53% of visible notional.
$57442
Calls · 8-21 days · ITM calls cluster with 22 contracts traded, $14315 estimated gross traded notional, and 13% of visible notional.
$14315
Puts · 91+ days · OTM puts cluster with 46 contracts traded, $10475 estimated gross traded notional, and 10% of visible notional.
$10475
Calls · 46-90 days · ITM calls cluster with 14 contracts traded, $9042 estimated gross traded notional, and 8% of visible notional.
$9042
Calls · 8-21 days · OTM calls cluster with 101 contracts traded, $7205 estimated gross traded notional, and 7% of visible notional.
$7205

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

Warming up

-

3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 3 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close47.34
1W+3.4%
RS55.8
Fair value+59.8%
Options pressure96
Speculation14
Volatility66
Trend fit20

Today Versus Normal

Stored-options context

View history
Expected move 10.4% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.37 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.07 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.03 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:38 Bullish
Pressure 53
Move 8.4%
30 Jul 10:34 Bullish
Pressure 81
Move 6.4%
31 Jul 10:23 Bullish
Pressure 93
Move 10.9%
1 Aug 14:33 Bullish
Pressure 96
Move 10.4%

Strike Map

Where activity is clustering

Full strike map
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 14
Strike30.00
Calls · V 0 · OI 13
Puts · V 0 · OI 101
Strike35.00
Calls · V 0 · OI 12
Puts · V 0 · OI 430
Strike40.00
Calls · V 19 · OI 127
Puts · V 0 · OI 178
Strike45.00
Calls · V 3 · OI 403
Puts · V 6 · OI 145
Strike50.00
Calls · V 94 · OI 15675
Puts · V 0 · OI 486
Strike55.00
Calls · V 6 · OI 931
Puts · V 0 · OI 18

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts26
Avg IV0.37
Put-call0.05
Expiry18 Sep 2026
Contracts20
Avg IV0.37
Put-call0.01
Expiry16 Oct 2026
Contracts34
Avg IV0.41
Put-call0.06
Expiry15 Jan 2027
Contracts26
Avg IV0.40
Put-call0.14
Expiry17 Dec 2027
Contracts26
Avg IV0.43
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.38
Put IV0.50
Skew0.13
18 Sep 2026Balanced skew
Call IV0.32
Put IV0.32
Skew-
16 Oct 2026Put IV premium
Call IV0.38
Put IV0.45
Skew0.08
15 Jan 2027Balanced skew
Call IV0.41
Put IV0.45
Skew0.04
17 Dec 2027Balanced skew
Call IV0.44
Put IV0.45
Skew0.01

Contract Tape

Most active contracts

Full contract tape
ContractIRDM260918C00050000
SideCall
Expiry18 Sep 2026
Strike50.00
Volume369
OI1125
IV0.32
ContractIRDM260918C00055000
SideCall
Expiry18 Sep 2026
Strike55.00
Volume348
OI1054
IV0.32
ContractIRDM260821C00050000
SideCall
Expiry21 Aug 2026
Strike50.00
Volume94
OI15675
IV0.38
ContractIRDM281215P00025000
SidePut
Expiry15 Dec 2028
Strike25.00
Volume35
OI445
IV0.53
ContractIRDM260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume19
OI127
IV0.01
ContractIRDM281215P00022500
SidePut
Expiry15 Dec 2028
Strike22.50
Volume11
OI793
IV0.20
ContractIRDM260821C00055000
SideCall
Expiry21 Aug 2026
Strike55.00
Volume6
OI931
IV0.26
ContractIRDM260821P00045000
SidePut
Expiry21 Aug 2026
Strike45.00
Volume6
OI145
IV0.50