IREN Options History — September 2023

In September 2023, IREN traded between $3.55 and $4.97. ATM implied volatility averaged 110.3%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 27.6%. IV traded above realized volatility by 2.7% (HV 20d: 107.6%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 13 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.33.

Notable Days

  • 2023-09-13: Highest Volume — 12,675 contracts
  • 2023-09-28: Largest IV spike — 51.9% change
  • 2023-09-12: Highest IV Rank — 33.0%
  • 2023-09-01: Largest Expected Move — 35.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.24$3.55$4.97$4.53$3.69
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV110.3%64.0%209.8%123.4%74.7%
Expected Move27.6%18.4%35.4%35.4%21.4%
HV 20d107.6%92.6%120.0%106.9%92.6%
HV 60d107.6%99.9%110.4%109.2%99.9%
IV Rank9.8%0.0%33.0%12.6%2.5%
IV Percentile27.0%0.0%93.7%44.8%2.0%
Term Structure-0.3%-23.4%34.8%-23.4%2.8%
VWIV99.6%79.7%122.8%122.8%94.1%
Skew 25d30.5%-35.7%183.1%87.2%8.4%
Skew 10d47.4%-60.5%238.2%132.9%29.6%
Call IV 25d108.2%88.4%138.0%109.3%96.6%
Put IV 25d138.7%77.8%321.1%196.5%105.0%
Bid-Ask Spread %20.386.1849.3840.1710.84
Gamma HHI0.320.270.400.350.37
Net GEX1.6K-5.9K35.2K3.5K-5.8K
Net DEX1.1M-1.0M2.7M334.7K2.7M
Net VEX-36.3K-48.7K-31.0K-31.0K-32.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.020.890.030.05
Total Volume1,320.157812,6751,696122
Total OI43,850.4530,43051,53630,43051,536

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-09-01$4.53$5.00123.4%35.4%106.9%12.6%122.8%87.2%-23.4%3.5K334.7K-31.0K0.0340.171,6504616,34514,085
2023-09-05$4.44$5.00128.1%29.6%106.4%13.7%105.4%144.3%0.1%2.4K517.0K-32.1K0.0419.114602016,96015,113
2023-09-06$4.46$5.00124.0%30.0%101.2%12.8%104.8%6.9%-4.3%2.9K536.6K-32.0K0.2847.59611717,13115,128
2023-09-07$4.54$5.00129.4%28.1%100.7%14.1%98.2%167.7%1.5%3.3K619.7K-34.2K0.8318.541,3021,08318,32216,129
2023-09-08$4.66$5.00126.6%27.5%101.3%13.4%104.9%183.1%3.1%4.1K254.4K-37.5K0.2535.361453619,39017,135
2023-09-11$4.20$5.00174.1%29.9%105.7%24.6%104.3%-35.7%1.6%9711.3M-33.5K0.0516.687894219,48317,144
2023-09-12$4.43$5.00209.8%31.1%102.3%33.0%106.8%-4.1%-3.2%1.1K914.7K-35.1K0.3015.7184925319,56917,144
2023-09-13$4.43$5.00115.6%33.2%102.2%10.8%115.5%-1.9%-11.8%1.1K1.1M-34.3K0.8916.316,7215,95420,24217,363
2023-09-14$4.97$5.0096.5%27.7%110.5%6.3%95.3%8.6%1.2%35.2K-1.0M-48.7K0.7833.031,10085426,99123,338
2023-09-15$4.54$5.0096.7%27.7%113.2%6.3%96.0%10.0%-0.3%5.6K32.8K-47.0K0.5616.4838521526,99623,429
2023-09-18$4.74$5.0088.6%25.4%113.1%4.5%88.9%17.6%1.6%4.2K-180.7K-45.2K0.1511.391762625,38923,093
2023-09-19$4.58$5.0092.2%26.4%113.3%5.3%92.2%13.7%2.5%2.7K320.4K-43.4K0.049.7297425,34923,112
2023-09-20$4.22$5.0092.2%26.4%116.8%5.3%92.2%0.5%0.8%6011.0M-39.7K0.1420.691331825,36423,114
2023-09-21$3.85$5.00100.1%28.7%119.1%7.2%99.8%-9.3%2.6%-2.7K2.0M-34.5K0.6411.9537223725,45523,125
2023-09-22$3.85$5.00104.3%29.9%118.9%8.2%104.1%-2.4%-10.1%-4.8K2.1M-33.6K0.8913.381,1361,00925,68423,244
2023-09-25$3.79$5.0096.0%27.5%118.8%6.2%96.3%18.4%2.7%-5.9K2.4M-34.4K0.2849.381424026,86924,244
2023-09-26$3.55$5.0064.0%18.4%120.0%0.0%88.4%-14.4%34.8%-5.6K2.7M-31.7K0.226.1845510226,88724,278
2023-09-27$3.60$5.0067.1%19.2%93.3%0.7%79.7%-3.1%-1.2%-5.3K2.6M-32.0K0.178.331452426,98324,379
2023-09-28$3.79$5.00101.9%29.2%96.0%8.8%101.6%14.4%-7.4%-5.4K2.4M-34.0K0.026.71179427,10424,363
2023-09-29$3.69$5.0074.7%21.4%92.6%2.5%94.1%8.4%2.8%-5.8K2.7M-32.2K0.0510.84116627,23224,304