IREN Options History — July 2023

In July 2023, IREN traded between $5.65 and $7.88. ATM implied volatility averaged 119.5%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 32.8%. IV traded above realized volatility by 0.7% (HV 20d: 118.7%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.42.

Notable Days

2023-07-18: Highest Volume — 9,371 contracts
2023-07-12: Largest IV drop — 18.0% change
2023-07-10: Highest IV Rank — 17.4%
2023-07-17: Largest Expected Move — 36.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.70	$5.65	$7.88	$5.65	$6.59
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	119.5%	105.9%	143.5%	109.2%	115.9%
Expected Move	32.8%	28.2%	36.4%	31.3%	33.2%
HV 20d	118.7%	108.7%	129.0%	120.5%	123.6%
HV 60d	105.3%	100.6%	109.9%	109.9%	106.2%
IV Rank	11.7%	8.5%	17.4%	9.3%	10.9%
IV Percentile	34.3%	15.5%	62.7%	21.0%	29.4%
Term Structure	-3.2%	-17.7%	13.5%	-8.9%	-3.3%
VWIV	112.3%	89.7%	122.6%	111.8%	110.3%
Skew 25d	0.4%	-18.0%	33.6%	32.5%	12.1%
Skew 10d	5.1%	-36.1%	38.2%	17.6%	38.2%
Call IV 25d	116.1%	81.6%	131.7%	81.6%	100.2%
Put IV 25d	116.5%	107.1%	136.5%	114.0%	112.3%
Bid-Ask Spread %	38.52	13.34	72.03	27.54	21.84
Gamma HHI	0.48	0.34	0.77	0.51	0.40
Net GEX	9.9K	6.6K	14.0K	6.8K	14.0K
Net DEX	-1.6M	-3.2M	-1.1M	-1.2M	-1.5M
Net VEX	-12.0K	-24.5K	-2.9K	-2.9K	-24.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.10	1.26	0.81	0.25
Total Volume	1,266.95	142	9,371	1,194	427
Total OI	9,374.7	4,267	15,558	4,427	15,558

Daily Data (20 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
2023-07-03	$5.65	$5.00	109.2%	31.3%	120.5%	9.3%	111.8%	0.0%	-8.9%	6.8K	-1.2M	-2.9K	0.81	27.54	658	536	3,253	1,174
2023-07-05	$5.87	$5.00	118.8%	34.1%	111.2%	11.6%	122.6%	0.0%	-2.6%	11.6K	-1.1M	-3.3K	1.26	24.08	483	611	3,313	954
2023-07-06	$6.08	$5.00	127.5%	28.2%	109.3%	13.6%	89.7%	0.0%	8.3%	6.6K	-1.3M	-3.0K	0.27	68.77	165	45	3,529	1,488
2023-07-07	$6.67	$5.00	127.5%	31.1%	109.2%	13.6%	104.3%	0.0%	-6.8%	9.4K	-1.5M	-3.7K	0.65	34.85	795	520	3,491	1,502
2023-07-10	$6.99	$5.00	143.5%	30.3%	108.7%	17.4%	108.4%	0.0%	-0.4%	7.9K	-1.5M	-3.4K	0.24	32.65	545	133	3,227	1,533
2023-07-11	$6.74	$5.00	136.4%	34.1%	111.5%	15.7%	115.9%	32.5%	3.0%	9.0K	-1.5M	-3.5K	0.75	72.03	443	332	3,400	1,617
2023-07-12	$6.94	$5.00	111.8%	32.1%	111.4%	9.9%	108.6%	12.1%	-2.8%	10.7K	-1.6M	-3.5K	0.15	57.44	234	36	3,638	1,555
2023-07-13	$7.88	$5.00	112.4%	32.2%	112.8%	10.1%	113.8%	7.5%	-2.8%	11.3K	-2.2M	-3.6K	0.35	38.34	1,085	385	3,698	1,556
2023-07-14	$7.17	$5.00	113.8%	32.6%	121.3%	10.4%	101.4%	33.6%	13.5%	9.8K	-1.8M	-4.1K	0.52	53.89	553	287	4,003	1,716
2023-07-17	$7.06	$5.00	127.1%	36.4%	117.4%	13.5%	109.6%	-6.8%	-10.0%	10.2K	-1.7M	-4.6K	0.13	60.13	844	106	4,309	1,739
2023-07-18	$6.74	$5.00	108.0%	31.0%	120.7%	9.0%	112.6%	-1.8%	-5.4%	8.5K	-1.5M	-4.3K	0.80	50.31	5,215	4,156	4,563	1,812
2023-07-19	$7.56	$5.00	121.6%	34.9%	117.6%	12.2%	117.1%	-11.0%	-17.7%	12.9K	-3.2M	-21.2K	0.17	42.87	1,426	240	8,839	5,875
2023-07-20	$6.72	$5.00	121.5%	34.8%	129.0%	12.2%	121.4%	-18.0%	-3.2%	8.1K	-1.8M	-19.9K	0.17	33.78	500	85	8,231	5,836
2023-07-21	$6.66	$5.00	119.2%	34.2%	128.3%	11.7%	116.8%	-9.6%	-7.5%	8.4K	-1.2M	-19.9K	0.36	39.00	276	100	7,944	5,896
2023-07-24	$6.69	$5.00	118.4%	33.9%	128.4%	11.5%	117.9%	-12.7%	-9.1%	9.4K	-1.3M	-19.9K	0.73	14.89	1,411	1,029	7,476	4,962
2023-07-25	$6.56	$5.00	120.2%	34.5%	122.9%	11.9%	119.3%	-15.2%	-4.9%	10.3K	-1.3M	-23.6K	0.16	13.34	491	80	8,724	5,982
2023-07-26	$6.73	$5.00	118.8%	34.1%	121.3%	11.6%	118.2%	-4.2%	-10.9%	11.9K	-1.5M	-24.3K	0.18	35.63	120	22	8,949	6,032
2023-07-27	$6.17	$5.00	111.6%	32.0%	125.5%	9.9%	119.2%	-8.7%	1.2%	10.2K	-1.1M	-22.8K	0.29	15.37	190	56	8,989	6,052
2023-07-28	$6.50	$5.00	105.9%	30.4%	124.1%	8.5%	106.9%	-3.6%	5.4%	11.6K	-1.4M	-23.9K	0.10	33.69	655	64	9,041	6,038
2023-07-31	$6.59	$5.00	115.9%	33.2%	123.6%	10.9%	110.3%	12.1%	-3.3%	14.0K	-1.5M	-24.5K	0.25	21.84	341	86	9,463	6,095