IREN Options History — November 2023

In November 2023, IREN traded between $2.83 and $4.96. ATM implied volatility averaged 98.5%, placing in the 9.8% IV rank vs the trailing year. The 30-day expected move averaged 28.9%. IV traded below realized volatility by 1.3% (HV 20d: 99.8%). Max pain ranged from $2.50 to $5.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.53.

Notable Days

  • 2023-11-06: Highest Volume — 10,132 contracts
  • 2023-11-27: Largest IV spike — 70.7% change
  • 2023-11-27: Highest IV Rank — 18.1%
  • 2023-11-27: Largest Expected Move — 35.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.37$2.83$4.96$3.04$4.96
Max Pain$2.74$2.50$5.00$5.00$5.00
ATM IV98.5%71.4%122.0%118.8%118.0%
Expected Move28.9%20.5%35.0%34.1%33.8%
HV 20d99.8%91.8%109.4%91.8%109.1%
HV 60d97.9%91.6%100.8%94.7%100.8%
IV Rank9.8%2.8%18.1%13.1%16.9%
IV Percentile23.1%2.4%53.2%44.4%46.4%
Term Structure-5.9%-81.1%55.4%-42.2%-20.6%
VWIV110.4%69.2%130.5%112.5%117.3%
Skew 25d-12.7%-56.9%18.1%-56.9%18.1%
Skew 10d-11.8%-90.8%45.7%-69.0%45.7%
Call IV 25d122.9%98.3%177.4%177.4%98.3%
Put IV 25d110.2%101.8%120.6%120.5%116.3%
Bid-Ask Spread %40.717.0470.1259.1929.88
Gamma HHI0.420.270.510.510.27
Net GEX10.4K-7.6K32.2K-7.6K28.1K
Net DEX1.6M-3.3M3.5M3.5M-3.3M
Net VEX-33.6K-58.1K-21.7K-21.7K-58.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.530.003.491.260.05
Total Volume1,926.198510,1321852,671
Total OI65,070.38155,45171,65455,45171,654

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$3.04$5.00118.8%34.1%91.8%13.1%112.5%-56.9%-42.2%-7.6K3.5M-21.7K1.2659.198210329,98025,471
2023-11-02$3.50$2.5079.2%26.5%104.3%3.9%103.9%-52.6%26.5%-5.8K2.9M-28.4K0.0125.28446630,03525,451
2023-11-03$3.51$2.5080.7%26.1%100.9%4.2%104.1%-52.5%26.4%-4.4K2.8M-29.7K0.0038.11724230,35125,451
2023-11-06$3.31$2.5091.4%26.7%100.9%6.7%110.9%-1.8%34.8%2.0K2.3M-30.6K0.0041.4510,1092335,43025,453
2023-11-07$3.31$2.5085.3%30.6%100.9%5.3%0.0%-2.6%-7.9%10.6K1.8M-34.5K0.0651.51118740,48725,471
2023-11-08$3.10$2.5087.4%25.0%103.6%5.8%120.5%-2.5%55.4%11.4K1.9M-32.2K0.0246.3983240,58025,465
2023-11-09$2.96$2.50115.2%33.0%103.3%12.2%122.6%1.9%-26.7%8.1K2.6M-27.7K0.1017.914134240,61625,463
2023-11-10$2.96$2.5091.5%26.2%103.2%6.8%127.7%-11.6%-20.7%8.6K2.6M-27.4K0.0165.702,1972740,85225,490
2023-11-13$2.99$2.5093.5%26.8%95.3%7.2%130.5%-15.7%25.7%9.3K2.1M-30.0K0.0434.708133441,01825,465
2023-11-14$2.92$2.5092.7%26.6%95.1%7.0%69.2%-19.7%-12.0%9.9K1.8M-31.0K0.7070.1219113441,55625,499
2023-11-15$3.12$2.5086.5%24.8%94.0%5.6%0.0%-4.9%4.0%10.0K2.0M-30.9K0.0163.48259241,73325,623
2023-11-16$2.85$2.50105.9%30.4%99.3%13.2%105.0%-17.3%-81.1%6.5K2.6M-26.3K0.0063.061,008241,71525,623
2023-11-17$2.83$2.50100.4%28.8%99.3%11.5%99.7%-14.8%-17.1%7.8K2.3M-27.5K0.0466.036072441,91725,578
2023-11-20$2.94$2.50104.2%29.9%99.3%12.7%103.7%-17.0%-12.9%8.5K2.3M-27.8K0.0319.33209739,05225,236
2023-11-21$2.90$2.50104.9%30.1%92.5%12.9%105.2%-17.8%-7.8%8.3K2.2M-28.2K0.0319.20241839,72725,242
2023-11-22$3.13$2.50109.5%31.4%96.0%14.3%109.4%-8.6%-26.9%10.4K2.1M-30.6K0.0834.013743139,81025,249
2023-11-24$3.46$2.5071.4%20.5%95.0%2.8%123.5%0.7%8.6%15.2K933.6K-36.1K3.497.048643,01240,04025,266
2023-11-27$3.79$2.50122.0%35.0%97.9%18.1%120.6%2.5%-18.1%19.3K817.7K-41.3K2.5130.201,6394,11040,54427,183
2023-11-28$4.41$2.50110.7%31.7%105.9%14.7%112.0%-4.5%-5.9%29.2K-584.4K-48.3K2.5237.771,6364,11840,88628,089
2023-11-29$4.86$2.5099.8%28.6%109.4%11.4%99.8%10.4%-4.7%32.2K-2.8M-56.5K0.1634.673,50057240,66730,060
2023-11-30$4.96$5.00118.0%33.8%109.1%16.9%117.3%18.1%-20.6%28.1K-3.3M-58.1K0.0529.882,53313841,12530,529