IREN Options History — August 2023

In August 2023, IREN traded between $4.17 and $6.31. ATM implied volatility averaged 110.9%, placing in the 9.7% IV rank vs the trailing year. The 30-day expected move averaged 31.9%. IV traded above realized volatility by 21.5% (HV 20d: 89.5%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.44.

Notable Days

  • 2023-08-11: Highest Volume — 4,549 contracts
  • 2023-08-03: Largest IV drop — 13.0% change
  • 2023-08-29: Highest IV Rank — 11.7%
  • 2023-08-29: Largest Expected Move — 34.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.08$4.17$6.31$6.31$4.89
Max Pain$6.52$5.00$7.50$5.00$5.00
ATM IV110.9%99.4%119.4%114.9%115.6%
Expected Move31.9%30.0%34.2%33.0%33.2%
HV 20d89.5%67.8%106.7%104.9%104.3%
HV 60d103.8%100.2%109.9%106.4%108.1%
IV Rank9.7%7.0%11.7%10.7%10.8%
IV Percentile23.7%11.1%40.1%27.4%31.3%
Term Structure-10.3%-83.3%3.5%-3.2%-14.0%
VWIV112.3%99.3%129.8%115.0%115.6%
Skew 25d15.0%-38.7%183.7%-2.4%-23.6%
Skew 10d34.7%-42.7%190.3%-6.6%-31.2%
Call IV 25d114.4%90.8%171.5%116.4%107.4%
Put IV 25d129.4%83.8%309.7%114.0%83.8%
Bid-Ask Spread %39.668.7465.7751.4839.39
Gamma HHI0.330.280.520.410.36
Net GEX7.4K2.8K13.8K13.8K4.5K
Net DEX-161.2K-1.3M799.6K-1.3M-207.2K
Net VEX-26.7K-36.5K-20.8K-23.4K-33.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.040.940.080.19
Total Volume1,086.9131264,549443184
Total OI23,558.21715,73430,68415,73430,357

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$6.31$5.00114.9%33.0%104.9%10.7%115.0%-2.4%-3.2%13.8K-1.3M-23.4K0.0851.48412319,6306,104
2023-08-02$6.03$5.00118.8%34.1%105.7%11.6%126.6%-38.7%0.5%9.6K-974.7K-22.1K0.6737.538105469,9656,120
2023-08-03$5.71$5.00103.3%31.8%106.7%7.9%112.3%3.6%-10.2%13.1K-601.6K-23.0K0.7060.8654738510,6446,665
2023-08-04$5.54$7.5099.4%30.4%100.8%7.0%106.7%-0.3%1.1%11.0K-395.4K-22.5K0.8064.9214711710,7026,884
2023-08-07$5.33$7.50112.2%31.1%99.0%10.0%117.2%21.3%-2.0%9.6K-12.7K-20.8K0.7855.251,00578010,7076,978
2023-08-08$5.78$7.50118.1%32.0%104.1%11.4%109.2%5.3%-9.1%7.2K-576.8K-23.9K0.7265.5269149511,0717,423
2023-08-09$5.50$7.50104.9%30.1%104.1%8.3%109.7%1.8%-4.0%9.7K-361.3K-24.4K0.0442.58184711,5437,914
2023-08-10$5.55$7.50104.8%30.0%90.9%8.3%116.7%0.1%3.5%10.2K-631.5K-24.9K0.1342.472603511,6417,921
2023-08-11$5.71$7.50107.9%30.9%87.5%9.0%109.1%17.3%-1.8%10.5K-497.5K-24.9K0.9444.082,3402,20911,6597,925
2023-08-14$5.12$7.50109.4%31.4%94.1%9.3%129.8%31.4%-4.0%8.3K-271.7K-27.7K0.0539.906973613,84610,060
2023-08-15$5.02$7.50114.7%32.9%93.4%10.6%118.9%30.5%-14.7%9.1K-406.1K-28.0K0.7065.771,4621,03014,18010,091
2023-08-16$4.90$7.50108.5%31.1%79.9%9.1%108.5%53.3%-5.2%8.0K-186.7K-28.9K0.1563.362914514,88911,115
2023-08-17$4.61$7.50107.8%30.9%73.1%9.0%99.5%8.0%-83.3%5.3K416.6K-26.6K0.2242.0260213014,86011,098
2023-08-18$4.42$7.50107.4%30.8%73.5%8.9%106.9%-0.9%1.0%4.0K457.4K-27.3K0.0844.989307115,51812,105
2023-08-21$4.29$7.50113.5%32.5%72.9%10.3%113.3%20.9%-6.7%2.8K797.3K-25.1K0.1939.6458110813,69711,768
2023-08-22$4.17$7.50111.2%31.9%73.0%9.8%111.1%-6.8%-9.0%3.3K799.6K-24.8K0.1112.092953313,98011,863
2023-08-23$4.42$7.50109.1%31.3%76.7%9.3%109.1%17.4%-7.2%4.4K551.2K-26.1K0.908.741,1351,02114,06111,863
2023-08-24$4.31$5.00116.6%33.4%72.7%11.0%99.3%7.0%-16.7%3.9K618.3K-27.3K0.6712.561349015,11712,883
2023-08-25$4.21$5.00114.5%32.8%67.8%10.6%113.9%5.7%-12.8%4.0K660.8K-27.3K0.3513.44933315,23012,800
2023-08-28$4.33$5.00112.1%32.1%69.0%10.0%112.0%15.5%-10.1%4.3K698.6K-27.6K0.8512.221,1811,00415,24812,825
2023-08-29$5.26$5.00119.4%34.2%102.4%11.7%115.0%-4.7%-17.2%7.7K-1.1M-36.5K0.509.951,61481216,37813,827
2023-08-30$5.33$5.00107.5%30.8%101.7%8.9%108.3%183.7%-11.7%5.3K-1.1M-36.2K0.4043.5427611016,65214,032
2023-08-31$4.89$5.00115.6%33.2%104.3%10.8%115.6%-23.6%-14.0%4.5K-207.2K-33.8K0.1939.391543016,29314,064