IREN Options History — March 2023

In March 2023, IREN traded between $2.42 and $3.33. ATM implied volatility averaged 159.6%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 44.0%. IV traded above realized volatility by 0.3% (HV 20d: 159.3%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 14 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.43.

Notable Days

2023-03-24: Highest Volume — 463 contracts
2023-03-13: Largest IV spike — 94.0% change
2023-03-13: Highest IV Rank — 45.3%
2023-03-21: Largest Expected Move — 59.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$2.82	$2.42	$3.33	$2.75	$3.10
Max Pain	$3.04	$2.50	$5.00	$5.00	$2.50
ATM IV	159.6%	133.3%	262.1%	148.5%	147.0%
Expected Move	44.0%	38.2%	59.3%	42.6%	42.2%
HV 20d	159.3%	98.4%	224.2%	221.3%	106.3%
HV 60d	150.7%	148.4%	153.3%	148.4%	150.4%
IV Rank	21.2%	15.0%	45.3%	18.6%	18.2%
IV Percentile	66.3%	41.7%	96.2%	63.4%	59.8%
Term Structure	-23.6%	-121.5%	23.8%	23.8%	0.5%
VWIV	148.5%	88.6%	199.2%	199.2%	179.3%
Bid-Ask Spread %	71.97	42.45	104.89	42.89	50.23
Gamma HHI	0.73	0.39	0.94	0.84	0.79
Net GEX	-1.8K	-12.6K	3.4K	1.6K	2.8K
Net DEX	-21.9K	-173.1K	189.8K	-104.5K	-158.7K
Net VEX	-700	-1.1K	-170	-652	-780
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.43	0.00	1.74	0.24	0.06
Total Volume	95.783	9	463	52	52
Total OI	3,618.391	1,655	4,649	4,489	2,889

Daily Data (23 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
2023-03-01	$2.75	$5.00	148.5%	42.6%	221.3%	18.6%	199.2%	0.0%	23.8%	1.6K	-104.5K	-652	0.24	42.89	42	10	2,155	2,334
2023-03-02	$2.52	$5.00	136.4%	39.1%	224.2%	15.7%	136.8%	0.0%	0.4%	-5.7K	154.6K	-1.0K	0.53	62.91	32	17	2,189	2,335
2023-03-03	$2.60	$5.00	137.2%	39.3%	221.6%	15.9%	140.0%	0.0%	-17.6%	-5.7K	123.4K	-1.1K	0.57	42.45	21	12	2,196	2,324
2023-03-06	$2.54	$2.50	158.1%	39.9%	220.0%	20.8%	131.4%	0.0%	-9.7%	-5.6K	145.2K	-975	0.00	90.65	29	0	2,198	2,323
2023-03-07	$2.74	$2.50	162.4%	40.7%	221.3%	21.8%	143.6%	0.0%	9.7%	-5.2K	61.7K	-1.0K	0.05	76.36	58	3	2,220	2,323
2023-03-08	$2.54	$2.50	142.6%	41.8%	222.2%	17.2%	0.0%	0.0%	-31.2%	-7.3K	152.9K	-906	0.50	77.71	6	3	2,240	2,324
2023-03-09	$2.42	$2.50	162.6%	38.9%	223.1%	21.9%	139.6%	0.0%	-7.4%	-6.6K	189.8K	-836	0.55	81.03	11	6	2,251	2,325
2023-03-10	$2.54	$2.50	135.1%	39.5%	220.1%	15.4%	136.3%	0.0%	-5.9%	-9.4K	165.8K	-846	0.17	87.58	29	5	2,252	2,324
2023-03-13	$2.66	$2.50	262.1%	52.2%	219.5%	45.3%	144.5%	0.0%	-36.0%	1.6K	-116.5K	-651	0.14	87.88	140	19	2,257	2,326
2023-03-14	$2.63	$2.50	145.5%	41.6%	211.6%	17.8%	140.2%	0.0%	-12.9%	-12.6K	96.3K	-774	1.74	75.29	58	101	2,306	2,336
2023-03-15	$2.71	$2.50	186.2%	53.4%	206.0%	27.4%	142.1%	0.0%	-68.6%	-8.7K	74.8K	-768	0.30	75.19	20	6	2,304	2,334
2023-03-16	$3.00	$2.50	162.1%	46.5%	100.5%	21.8%	157.1%	0.0%	-26.4%	348	-73.1K	-176	0.61	70.00	38	23	2,314	2,335
2023-03-17	$3.23	$5.00	148.0%	42.4%	103.8%	18.4%	119.3%	0.0%	-6.7%	284	-77.5K	-171	0.67	90.56	75	50	2,296	2,332
2023-03-20	$3.00	$5.00	137.9%	39.5%	98.5%	16.1%	135.1%	0.0%	-53.0%	2.0K	-130.7K	-644	1.54	54.89	24	37	1,497	158
2023-03-21	$3.33	$2.50	206.9%	59.3%	98.4%	32.3%	88.6%	0.0%	-121.5%	356	-90.7K	-220	0.03	104.89	275	8	1,519	192
2023-03-22	$2.98	$2.50	169.6%	48.6%	104.5%	23.5%	141.9%	0.0%	-65.9%	860	-96.5K	-268	0.13	100.97	223	30	1,770	198
2023-03-23	$3.17	$2.50	133.3%	38.2%	104.4%	15.0%	143.2%	0.0%	-17.8%	304	-79.2K	-170	0.31	66.46	45	14	1,988	210
2023-03-24	$2.95	$2.50	143.8%	41.2%	105.5%	17.4%	188.7%	0.0%	-19.4%	2.9K	-141.2K	-748	0.07	46.38	434	29	2,016	220
2023-03-27	$2.76	$2.50	138.7%	39.8%	107.2%	16.3%	138.2%	0.0%	6.7%	2.5K	-125.0K	-775	0.44	49.07	27	12	2,480	247
2023-03-28	$2.75	$2.50	186.6%	53.5%	107.0%	27.5%	177.6%	0.0%	-60.1%	2.9K	-147.3K	-813	1.23	91.66	35	43	2,483	258
2023-03-29	$3.00	$2.50	146.3%	42.0%	111.4%	18.0%	169.3%	0.0%	-0.0%	3.2K	-155.0K	-871	0.00	71.35	65	0	2,506	300
2023-03-30	$2.99	$2.50	174.3%	50.0%	106.1%	24.6%	174.6%	0.0%	-23.7%	3.4K	-173.1K	-905	0.06	58.97	34	2	2,539	300
2023-03-31	$3.10	$2.50	147.0%	42.2%	106.3%	18.2%	179.3%	0.0%	0.5%	2.8K	-158.7K	-780	0.06	50.23	49	3	2,587	302