8:40pm (EST)

We have an update on Iridium Communications (IRDM) following today’s double-digit surge in the stock price.

Alert Update!

Iridium Communications (IRDM, $22.39, up $3.93)

Option: IRDM March 25 calls

Expiration Date: March 20th, 2026

Entry Option Price: $0.60 (2/9/2026)

Current Option Price: $0.90

Exit Target: $1.20 (Limit Order on HALF)

Return: 50%

Stop Target: 65 cents (Stop Limit)

Action: Set a Limit Order to close HALF the Alert at $1.20 in the event shares continue to make higher highs. Set a Stop Limit at 65 cents to start protecting profits and to avoid a loss in case shares fade from current levels.

Thursday’s peak hit $22.46 despite an a slight earnings and revenue miss. The 21% surge cleared and held fresh resistance at $22.25-$22.50. New support is $22-$21.75.