IREN Options History — December 2023

In December 2023, IREN traded between $5.04 and $9.54. ATM implied volatility averaged 138.7%, placing in the 28.6% IV rank vs the trailing year. The 30-day expected move averaged 36.2%. IV traded above realized volatility by 16.4% (HV 20d: 122.3%). Max pain ranged from $5.00 to $7.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.37.

Notable Days

  • 2023-12-21: Highest Volume — 27,055 contracts
  • 2023-12-06: Largest IV drop — 34.9% change
  • 2023-12-29: Highest IV Rank — 51.8%
  • 2023-12-28: Largest Expected Move — 49.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.43$5.04$9.54$5.54$7.00
Max Pain$5.25$5.00$7.50$5.00$7.50
ATM IV138.7%96.9%182.5%110.0%182.5%
Expected Move36.2%27.8%49.4%31.5%49.2%
HV 20d122.3%95.3%173.8%105.2%173.8%
HV 60d107.7%98.9%129.1%103.2%129.1%
IV Rank28.6%14.3%51.8%14.4%51.8%
IV Percentile65.0%20.2%96.0%36.1%96.0%
Term Structure-4.7%-26.2%13.0%13.0%-3.9%
VWIV131.0%102.4%184.1%108.0%178.2%
Skew 25d-12.4%-29.3%21.0%21.0%-10.7%
Skew 10d-28.2%-51.6%-14.5%-24.5%-19.3%
Call IV 25d136.5%84.5%201.5%84.5%192.5%
Put IV 25d124.1%92.5%191.3%105.5%181.8%
Bid-Ask Spread %32.027.2563.8229.5930.20
Gamma HHI0.270.220.350.220.22
Net GEX106.8K28.9K227.7K28.9K185.1K
Net DEX-17.1M-45.9M-4.9M-6.9M-24.4M
Net VEX-80.5K-129.2K-58.8K-61.3K-125.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.370.012.100.080.28
Total Volume8,490.81,60427,0552,31217,978
Total OI88,280.972,009117,81372,009117,813

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-12-01$5.54$5.00110.0%31.5%105.2%14.4%108.0%21.0%13.0%28.9K-6.9M-61.3K0.0829.592,14017241,40230,607
2023-12-04$5.42$5.00144.2%32.2%106.2%24.8%120.2%-19.7%-5.4%42.2K-6.2M-62.2K0.0353.595,32915042,47530,709
2023-12-05$5.54$5.00174.7%28.3%101.9%34.1%107.1%-16.2%4.9%34.9K-7.0M-59.8K0.0363.583,7149745,48230,712
2023-12-06$5.41$5.00113.7%28.0%103.0%15.6%103.6%-10.6%5.0%51.8K-6.5M-62.5K0.3563.821,18442046,15130,774
2023-12-07$5.83$5.00131.4%29.4%98.7%21.0%102.4%-11.0%-6.8%64.8K-9.0M-65.2K0.0144.684,3395946,52731,181
2023-12-08$5.81$5.00125.6%30.0%95.3%19.2%113.2%-4.1%1.0%66.5K-9.4M-67.0K1.9036.272,0713,93647,47631,183
2023-12-11$5.04$5.00142.6%29.7%113.6%24.3%105.6%-21.5%1.4%55.8K-4.9M-58.8K0.4643.202,8291,29248,67029,944
2023-12-12$5.11$5.00120.6%30.9%113.5%17.7%110.7%-13.7%-3.5%63.5K-5.5M-60.3K0.0113.852,7292649,67930,377
2023-12-13$5.83$5.00117.7%33.7%117.7%16.8%113.9%-0.4%-6.0%65.8K-10.2M-64.4K0.0741.875,37838351,21030,392
2023-12-14$5.88$5.00109.6%31.4%117.4%14.3%110.5%-2.9%-6.1%66.0K-11.4M-65.6K0.0357.051,7325952,64030,239
2023-12-15$6.00$5.0096.9%27.8%108.4%14.9%107.8%-9.5%7.4%76.2K-12.8M-66.7K0.0145.6310,19813953,67530,234
2023-12-18$6.01$5.00108.1%31.0%108.0%19.7%114.2%-9.5%-0.7%99.7K-13.7M-75.9K0.4717.785,4772,59756,25029,807
2023-12-19$5.69$5.00127.0%36.4%112.8%27.8%134.1%-13.5%-11.0%110.7K-12.7M-77.6K0.2821.469,2822,55359,98828,012
2023-12-20$5.55$5.00139.4%40.0%113.5%33.2%144.6%-22.5%-1.8%117.9K-13.2M-85.4K0.0817.444,97137866,83630,471
2023-12-21$7.66$5.00154.3%44.2%152.9%39.6%156.7%-12.8%-17.5%180.5K-30.3M-100.5K0.068.4225,6261,42968,59330,748
2023-12-22$8.34$5.00151.2%43.4%152.2%38.3%158.3%-23.9%-15.9%184.4K-35.0M-103.0K0.119.249,19497766,98231,148
2023-12-26$8.79$5.00171.5%49.2%151.2%47.0%169.5%-29.3%-26.2%202.9K-39.2M-105.4K0.399.938,0993,19169,46131,489
2023-12-27$9.54$5.00170.7%48.9%146.5%46.7%177.0%-27.2%-23.5%227.7K-45.9M-114.9K2.107.255,56911,69571,92433,456
2023-12-28$8.54$7.50181.9%49.4%153.9%51.5%184.1%-10.2%0.9%211.1K-37.8M-129.2K0.5525.518,0274,39775,82435,077
2023-12-29$7.00$7.50182.5%49.2%173.8%51.8%178.2%-10.7%-3.9%185.1K-24.4M-125.1K0.2830.2013,9993,97981,48936,324