IREN Options History — April 2023

In April 2023, IREN traded between $2.79 and $4.63. ATM implied volatility averaged 143.1%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 40.8%. IV traded above realized volatility by 28.0% (HV 20d: 115.1%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.47.

Notable Days

2023-04-14: Highest Volume — 982 contracts
2023-04-11: Largest IV spike — 53.0% change
2023-04-06: Highest IV Rank — 26.0%
2023-04-03: Largest Expected Move — 51.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.84	$2.79	$4.63	$3.00	$3.98
Max Pain	$3.16	$2.50	$5.00	$2.50	$5.00
ATM IV	143.1%	91.5%	180.3%	179.4%	148.6%
Expected Move	40.8%	33.2%	51.4%	51.4%	42.6%
HV 20d	115.1%	101.7%	126.8%	106.7%	111.5%
HV 60d	151.9%	147.7%	154.4%	150.7%	154.4%
IV Rank	17.3%	5.1%	26.0%	25.8%	18.6%
IV Percentile	53.6%	5.7%	83.8%	83.6%	63.0%
Term Structure	-12.4%	-76.2%	24.5%	-76.2%	-12.8%
VWIV	141.7%	85.8%	174.0%	166.9%	139.9%
Bid-Ask Spread %	50.72	21.41	92.62	41.06	22.10
Gamma HHI	0.71	0.45	0.88	0.82	0.45
Net GEX	5.8K	717	19.7K	3.4K	1.4K
Net DEX	-328.6K	-748.3K	-103.3K	-156.4K	-165.5K
Net VEX	-1.2K	-2.0K	-395	-824	-829
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.00	4.23	0.08	0.00
Total Volume	227.789	17	982	146	17
Total OI	3,592.684	2,898	4,623	2,898	3,258

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
2023-04-03	$3.00	$2.50	179.4%	51.4%	106.7%	25.8%	166.9%	0.0%	-76.2%	3.4K	-156.4K	-824	0.08	41.06	135	11	2,593	305
2023-04-04	$2.91	$2.50	168.5%	48.3%	104.4%	23.3%	174.0%	0.0%	-49.5%	3.1K	-145.0K	-833	0.24	35.85	21	5	2,706	306
2023-04-05	$2.79	$2.50	141.6%	40.6%	101.7%	16.9%	141.3%	0.0%	-23.6%	2.0K	-103.3K	-705	4.23	21.41	26	110	2,711	309
2023-04-06	$3.04	$2.50	180.3%	35.3%	103.5%	26.0%	122.5%	0.0%	3.2%	1.6K	-128.6K	-487	1.54	92.62	50	77	2,732	369
2023-04-10	$3.31	$2.50	91.5%	41.8%	106.1%	5.1%	138.8%	0.0%	-23.2%	717	-125.9K	-395	0.10	89.61	51	5	2,798	444
2023-04-11	$3.87	$2.50	140.0%	35.8%	117.2%	16.5%	130.6%	0.0%	6.5%	4.8K	-296.9K	-1.0K	0.17	59.47	300	52	2,821	448
2023-04-12	$3.67	$2.50	115.8%	33.2%	119.6%	10.9%	85.8%	0.0%	24.5%	4.5K	-288.2K	-1.0K	0.14	87.79	274	39	2,959	479
2023-04-13	$4.20	$2.50	120.4%	34.5%	126.7%	11.9%	120.4%	0.0%	15.7%	6.0K	-380.3K	-1.2K	0.26	41.12	457	119	3,009	477
2023-04-14	$4.56	$2.50	133.0%	38.1%	125.3%	14.9%	134.6%	0.0%	13.3%	14.8K	-653.6K	-1.6K	0.01	54.65	970	12	3,338	556
2023-04-17	$4.29	$2.50	141.9%	40.7%	126.8%	17.0%	141.2%	0.0%	-9.9%	6.7K	-458.8K	-1.6K	0.17	39.91	216	37	3,894	556
2023-04-18	$4.63	$2.50	137.1%	39.3%	124.2%	15.9%	137.3%	0.0%	4.0%	19.7K	-748.3K	-2.0K	0.10	30.27	230	22	4,027	587
2023-04-19	$4.28	$2.50	145.3%	41.7%	125.0%	17.8%	171.8%	0.0%	-16.7%	6.4K	-442.1K	-1.5K	0.21	70.43	89	19	4,000	589
2023-04-20	$3.98	$2.50	151.5%	43.4%	120.6%	19.3%	142.9%	0.0%	-18.3%	6.0K	-392.4K	-1.5K	0.95	54.61	37	35	4,037	586
2023-04-21	$4.01	$2.50	128.1%	36.7%	119.3%	13.8%	128.7%	0.0%	2.4%	6.2K	-351.4K	-1.4K	0.15	66.99	401	61	4,023	579
2023-04-24	$4.14	$5.00	141.5%	40.6%	115.3%	16.9%	141.6%	0.0%	-11.6%	7.5K	-408.0K	-1.5K	0.04	32.38	25	1	2,869	289
2023-04-25	$4.04	$5.00	150.1%	43.0%	112.2%	18.9%	150.1%	0.0%	-19.0%	7.2K	-395.3K	-1.5K	0.09	33.16	58	5	2,889	290
2023-04-26	$4.12	$5.00	157.9%	45.3%	111.9%	20.8%	162.3%	0.0%	-18.4%	7.2K	-394.9K	-1.5K	0.11	48.02	234	26	2,898	295
2023-04-27	$4.19	$5.00	146.7%	42.1%	109.1%	18.1%	160.8%	0.0%	-25.8%	1.2K	-208.1K	-821	0.25	42.12	81	20	2,932	303
2023-04-28	$3.98	$5.00	148.6%	42.6%	111.5%	18.6%	139.9%	0.0%	-12.8%	1.4K	-165.5K	-829	0.00	22.10	17	0	2,935	323