IREN Options History — May 2023

In May 2023, IREN traded between $3.33 and $4.03. ATM implied volatility averaged 123.4%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 34.3%. IV traded above realized volatility by 19.7% (HV 20d: 103.7%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.79.

Notable Days

2023-05-22: Highest Volume — 455 contracts
2023-05-30: Largest IV spike — 37.7% change
2023-05-04: Highest IV Rank — 24.1%
2023-05-03: Largest Expected Move — 48.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.73	$3.33	$4.03	$3.70	$3.58
Max Pain	$4.55	$2.50	$5.00	$5.00	$5.00
ATM IV	123.4%	74.7%	172.1%	145.5%	74.7%
Expected Move	34.3%	21.4%	48.8%	41.7%	21.4%
HV 20d	103.7%	93.8%	116.7%	115.4%	94.4%
HV 60d	125.6%	104.0%	155.5%	154.1%	104.5%
IV Rank	12.6%	1.2%	24.1%	17.8%	1.2%
IV Percentile	34.5%	1.2%	81.8%	57.0%	1.2%
Term Structure	1.8%	-106.0%	38.0%	5.5%	18.3%
VWIV	136.3%	93.9%	187.8%	147.8%	116.9%
Bid-Ask Spread %	64.67	19.74	101.89	37.56	40.50
Gamma HHI	0.46	0.40	0.64	0.44	0.64
Net GEX	1.3K	388	2.3K	1.3K	582
Net DEX	-115.4K	-167.6K	-19.2K	-142.8K	-32.7K
Net VEX	-868	-1.1K	-701	-762	-858
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.79	0.03	6.23	0.49	0.09
Total Volume	137.091	16	455	121	62
Total OI	3,041.182	1,623	4,101	3,267	2,013

Daily Data (22 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
2023-05-01	$3.70	$5.00	145.5%	41.7%	115.4%	17.8%	147.8%	0.0%	5.5%	1.3K	-142.8K	-762	0.49	37.56	81	40	2,944	323
2023-05-02	$3.87	$5.00	142.3%	40.8%	114.9%	17.1%	176.3%	0.0%	28.1%	1.4K	-167.6K	-813	1.93	49.90	28	54	2,941	332
2023-05-03	$3.67	$5.00	170.2%	48.8%	116.3%	23.7%	187.8%	0.0%	-29.5%	1.3K	-146.4K	-756	0.78	76.68	9	7	2,948	380
2023-05-04	$3.56	$2.50	172.1%	29.1%	115.7%	24.1%	130.6%	0.0%	25.0%	1.3K	-143.7K	-754	0.05	88.55	21	1	2,945	377
2023-05-05	$3.71	$2.50	155.9%	42.8%	113.0%	20.3%	154.9%	0.0%	-7.7%	1.4K	-146.1K	-761	0.72	65.54	78	56	2,957	377
2023-05-08	$3.33	$2.50	115.4%	33.5%	116.7%	10.8%	0.0%	0.0%	38.0%	1.2K	-133.8K	-701	0.19	98.34	27	5	2,981	379
2023-05-09	$3.77	$2.50	139.1%	38.4%	111.4%	16.3%	134.1%	0.0%	6.9%	1.4K	-155.1K	-789	0.09	81.93	263	23	2,986	384
2023-05-10	$3.91	$5.00	137.3%	39.3%	110.4%	15.9%	138.4%	0.0%	-5.4%	1.5K	-159.2K	-829	1.88	80.66	26	49	3,153	400
2023-05-11	$3.50	$5.00	116.8%	33.5%	105.9%	11.1%	93.9%	0.0%	38.0%	1.1K	-144.3K	-770	0.38	101.89	45	17	3,159	428
2023-05-12	$3.62	$5.00	92.3%	26.5%	101.7%	5.3%	124.6%	0.0%	22.1%	1.3K	-139.0K	-807	0.31	88.52	83	26	3,199	442
2023-05-15	$3.92	$5.00	106.4%	30.5%	104.8%	8.6%	118.6%	0.0%	5.5%	1.5K	-151.5K	-886	0.29	91.15	349	100	3,243	466
2023-05-16	$3.91	$5.00	119.8%	34.3%	100.4%	11.8%	118.6%	0.0%	2.8%	1.8K	-146.4K	-1.1K	1.00	95.14	57	57	3,448	576
2023-05-17	$4.00	$5.00	128.0%	36.7%	97.4%	13.7%	129.0%	0.0%	-11.6%	2.0K	-160.9K	-1.1K	0.04	79.74	263	11	3,471	591
2023-05-18	$3.96	$5.00	142.6%	40.9%	93.9%	17.2%	142.9%	0.0%	-106.0%	2.1K	-154.9K	-1.1K	0.14	63.73	74	10	3,483	601
2023-05-19	$3.92	$5.00	124.1%	35.6%	94.0%	12.8%	114.2%	0.0%	1.1%	2.2K	-124.3K	-1.1K	1.42	67.58	19	27	3,490	611
2023-05-22	$4.03	$5.00	118.9%	34.1%	93.8%	11.6%	121.0%	0.0%	21.1%	2.3K	-164.0K	-1.1K	0.26	26.34	362	93	1,270	353
2023-05-23	$3.77	$5.00	141.5%	40.6%	96.3%	16.9%	137.3%	0.0%	-13.7%	510	-31.4K	-839	0.88	37.48	99	87	1,361	446
2023-05-24	$3.69	$5.00	110.6%	31.7%	96.1%	9.6%	143.8%	0.0%	18.4%	524	-29.5K	-790	6.23	43.93	26	162	1,346	431
2023-05-25	$3.48	$5.00	74.8%	21.4%	97.5%	1.2%	132.3%	0.0%	11.8%	952	-19.2K	-828	0.03	38.69	86	3	1,361	493
2023-05-26	$3.46	$5.00	78.4%	22.5%	96.2%	2.0%	173.6%	0.0%	4.9%	959	-25.5K	-825	0.07	49.04	29	2	1,402	496
2023-05-30	$3.67	$5.00	108.0%	31.0%	95.6%	9.0%	125.1%	0.0%	-33.6%	388	-20.1K	-828	0.08	19.74	92	7	1,421	498
2023-05-31	$3.58	$5.00	74.7%	21.4%	94.4%	1.2%	116.9%	0.0%	18.3%	582	-32.7K	-858	0.09	40.50	57	5	1,508	505