Leverage Shares 2x Long IREN Daily ETF (IREG) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
Leverage Shares 2x Long IREN Daily ETF (IREG) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $11.1M, listed on NASDAQ, carrying a beta of 7.33 to the broader market. The Leverage Shares 2x Long IREN Daily ETF (IREG) is a 2x Daily Leveraged (Bull) ETF designed for active traders seeking to magnify short-term results. Led by Calvin Tsang, public since 2025-12-16.
Snapshot as of May 15, 2026.
- Spot Price
- $20.69
- ATM IV
- 203.0%
- HV 20-Day
- 211.3%
- HV 60-Day
- 190.2%
As of May 15, 2026, Leverage Shares 2x Long IREN Daily ETF (IREG) ATM implied volatility is 203.0%. 20-day realized volatility is 211.3%, producing an IV-HV spread of -8.3 vol points. Realized volatility currently exceeds implied, an inversion that can signal a pending IV expansion.
How IREG iv/hv history Data Feeds Strategy Selection
Strategy selection on Leverage Shares 2x Long IREN Daily ETF options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 203.0% and dealer gamma exposure is negative, so dealer hedging amplifies directional moves. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how implied vs realized volatility is reported and how to read the data →
Frequently asked IREG iv/hv history questions
- Is IREG options pricing rich or cheap right now?
- As of May 15, 2026, Leverage Shares 2x Long IREN Daily ETF (IREG) ATM IV is 203.0% against 20-day realized volatility of 211.3%. Realized volatility currently exceeds implied: an inversion of the typical equity volatility risk premium that often precedes IV expansion.
- What is the IREG variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. IREG is currently pricing inverted to the historical pattern, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does IREG IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. IREG's current rank signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.