Significant Tuesday Options Update: IRDM, ESAB, COST

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Iridium Communications Inc (Symbol: IRDM) experienced significant options trading on [Date], with a total of 36,526 contracts trading, equating to approximately 3.7 million underlying shares. This volume represents 129.5% of IRDM’s average daily trading volume of 2.8 million shares over the past month. Notably, the $50 strike call option expiring on August 21, 2026, accounted for 32,344 contracts, or about 3.2 million underlying shares.

ESAB Corp (Symbol: ESAB) also saw notable options activity, with 10,507 contracts representing around 1.1 million underlying shares, which is 126.9% of its average daily trading volume of 828,120 shares. The $85 strike put option expiring on August 21, 2026, contributed significantly, with 3,500 contracts traded—approximately 350,000 underlying shares.

Costco Wholesale Corp (Symbol: COST) registered a volume of 30,186 contracts, translating to about 3.0 million underlying shares, which is 119.8% of its average daily volume of 2.5 million shares. High activity was noted for the $1,100 strike call option expiring June 26, 2026, with 2,434 contracts traded, representing approximately 243,400 underlying shares.

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