IREN Options History — February 2023

In February 2023, IREN traded between $1.82 and $4.28. ATM implied volatility averaged 155.6%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 44.4%. IV traded above realized volatility by 3.5% (HV 20d: 152.1%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.42.

Notable Days

2023-02-16: Highest Volume — 1,656 contracts
2023-02-13: Largest IV spike — 72.3% change
2023-02-13: Highest IV Rank — 31.7%
2023-02-13: Largest Expected Move — 58.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.71	$1.82	$4.28	$2.15	$2.75
Max Pain	$3.55	$2.50	$5.00	$2.50	$5.00
ATM IV	155.6%	118.5%	204.2%	134.4%	153.5%
Expected Move	44.4%	34.0%	58.5%	38.5%	44.0%
HV 20d	152.1%	81.7%	221.7%	90.8%	221.4%
HV 60d	132.5%	108.4%	152.4%	121.8%	148.8%
IV Rank	20.2%	11.5%	31.7%	15.2%	19.7%
IV Percentile	66.7%	30.5%	90.6%	49.7%	66.7%
Term Structure	-23.8%	-162.1%	23.6%	-8.2%	-26.0%
VWIV	165.9%	134.3%	204.2%	144.0%	168.6%
Bid-Ask Spread %	51.03	21.96	94.64	50.40	43.25
Gamma HHI	0.56	0.48	0.69	0.61	0.62
Net GEX	177	-3.8K	4.0K	2.0K	-3.8K
Net DEX	-112.2K	-542.7K	89.6K	-87.7K	75.3K
Net VEX	-955	-2.0K	-382	-525	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.00	2.00	0.00	0.18
Total Volume	322.895	2	1,656	2	65
Total OI	3,376.947	2,073	6,057	2,073	4,441

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-02-01	$2.15	$2.50	134.4%	38.5%	90.8%	15.2%	0.0%	0.0%	-8.2%	2.0K	-87.7K	-525	0.00	50.40	2	0	1,889	184
2023-02-02	$2.38	$2.50	131.8%	38.0%	93.5%	14.6%	144.0%	0.0%	-7.5%	2.6K	-131.9K	-612	0.10	66.96	202	20	1,941	184
2023-02-03	$2.21	$2.50	143.7%	38.5%	100.3%	17.4%	134.3%	0.0%	-10.3%	2.2K	-96.7K	-560	0.05	22.36	79	4	2,036	188
2023-02-06	$2.21	$2.50	191.7%	47.2%	100.7%	28.7%	0.0%	0.0%	-31.8%	2.1K	-110.8K	-578	0.00	94.64	91	0	2,111	191
2023-02-07	$2.09	$2.50	121.1%	40.6%	104.6%	12.1%	142.0%	0.0%	-10.9%	849	-57.5K	-489	0.75	94.14	12	9	2,176	192
2023-02-08	$2.08	$2.50	148.2%	42.5%	84.5%	18.5%	160.6%	0.0%	-34.1%	819	-51.4K	-467	0.09	93.12	34	3	2,185	197
2023-02-09	$1.89	$2.50	171.2%	49.1%	90.8%	23.9%	158.2%	0.0%	-24.3%	755	-42.3K	-423	0.19	78.61	16	3	2,213	199
2023-02-10	$1.82	$2.50	118.5%	34.0%	81.7%	11.5%	0.0%	0.0%	14.0%	697	-40.5K	-406	0.10	25.34	10	1	2,227	200
2023-02-13	$2.17	$2.50	204.2%	58.5%	99.9%	31.7%	204.2%	0.0%	-50.0%	819	-30.9K	-382	0.01	77.00	193	2	2,237	199
2023-02-14	$2.50	$2.50	153.3%	43.9%	109.5%	19.7%	165.6%	0.0%	-17.0%	4.0K	-187.6K	-679	0.22	41.54	795	174	2,324	202
2023-02-15	$4.12	$2.50	152.4%	43.7%	203.9%	19.5%	166.5%	0.0%	-15.5%	3.1K	-542.7K	-1.0K	0.15	49.05	1,304	192	2,415	326
2023-02-16	$4.28	$5.00	165.4%	47.4%	202.5%	22.5%	167.5%	0.0%	-162.1%	-576	-522.1K	-1.7K	0.28	43.27	1,291	365	2,981	2,638
2023-02-17	$3.79	$5.00	147.7%	42.3%	210.3%	18.4%	150.4%	0.0%	-11.4%	-470	-311.2K	-2.0K	0.83	34.92	130	108	3,236	2,821
2023-02-21	$3.37	$5.00	165.7%	47.5%	216.2%	22.6%	183.5%	0.0%	-31.1%	-1.7K	-82.6K	-1.6K	0.22	30.82	441	98	1,758	2,447
2023-02-22	$3.20	$5.00	146.0%	41.9%	217.8%	18.0%	202.0%	0.0%	23.6%	-1.7K	-50.8K	-1.5K	0.20	41.48	229	45	1,925	2,453
2023-02-23	$3.00	$5.00	177.1%	50.8%	219.6%	25.3%	172.0%	0.0%	-27.8%	-2.1K	-1.8K	-1.5K	1.66	22.58	32	53	2,079	2,418
2023-02-24	$2.83	$5.00	159.5%	45.7%	221.3%	21.2%	161.4%	0.0%	-1.1%	-3.0K	51.2K	-1.3K	0.91	38.11	33	30	2,102	2,370
2023-02-27	$2.71	$5.00	171.4%	49.1%	221.7%	24.0%	174.0%	0.0%	-21.3%	-3.3K	89.6K	-1.2K	2.00	21.96	23	46	2,114	2,363
2023-02-28	$2.75	$5.00	153.5%	44.0%	221.4%	19.7%	168.6%	0.0%	-26.0%	-3.8K	75.3K	-1.2K	0.18	43.25	55	10	2,114	2,327