IREN Options History — January 2024

In January 2024, IREN traded between $3.92 and $6.80. ATM implied volatility averaged 143.7%, placing in the 40.7% IV rank vs the trailing year. The 30-day expected move averaged 40.4%. IV traded below realized volatility by 6.5% (HV 20d: 150.1%). Max pain ranged from $5.00 to $7.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.36.

Notable Days

  • 2024-01-02: Highest Volume — 25,382 contracts
  • 2024-01-23: Largest IV drop — 7.3% change
  • 2024-01-02: Highest IV Rank — 54.2%
  • 2024-01-02: Largest Expected Move — 50.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.16$3.92$6.80$6.80$3.92
Max Pain$5.19$5.00$7.00$7.00$5.00
ATM IV143.7%125.0%170.6%170.6%125.0%
Expected Move40.4%35.7%50.2%50.2%36.9%
HV 20d150.1%87.8%175.1%170.8%91.1%
HV 60d131.2%127.8%134.7%128.9%129.7%
IV Rank40.7%31.4%54.2%54.2%31.4%
IV Percentile71.5%54.0%91.3%91.3%54.0%
Term Structure-4.0%-16.3%7.9%1.6%0.7%
VWIV144.0%77.4%186.4%186.4%130.7%
Skew 25d-14.3%-48.5%10.4%-23.7%-3.2%
Skew 10d-2.4%-75.4%93.9%-30.6%89.9%
Call IV 25d154.4%123.7%192.1%192.1%131.6%
Put IV 25d140.1%92.2%176.2%168.4%128.4%
Bid-Ask Spread %29.6520.1746.4522.8722.27
Gamma HHI0.230.150.280.220.17
Net GEX125.4K33.5K227.2K183.5K38.8K
Net DEX-10.4M-26.3M92.1K-23.2M92.1K
Net VEX-103.0K-144.1K-71.7K-126.8K-71.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.032.090.060.12
Total Volume7,123.8571,86625,38225,3824,586
Total OI137,939.667121,902146,951123,613142,676

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$6.80$7.00170.6%50.2%170.8%54.2%186.4%-23.7%1.6%183.5K-23.2M-126.8K0.0622.8724,0301,35285,82637,787
2024-01-03$6.59$7.00168.3%49.5%171.1%53.0%180.3%-25.9%0.0%201.6K-24.6M-141.1K0.1034.034,75248096,28638,845
2024-01-04$6.79$5.00163.9%43.1%171.2%50.9%153.7%-6.6%-2.1%225.5K-26.3M-144.1K0.1421.742,51834198,44939,050
2024-01-05$6.19$5.00161.6%41.8%174.7%49.7%156.3%-17.1%-0.1%190.7K-20.1M-133.2K0.3823.013,0401,16999,04439,215
2024-01-08$6.50$5.00158.5%44.1%173.6%48.2%162.7%-20.1%-3.2%212.8K-23.6M-135.4K0.2636.526,0061,59197,06338,880
2024-01-09$6.13$5.00164.5%42.7%175.1%51.2%159.8%-19.1%-11.6%204.8K-20.7M-130.7K0.8137.611,7831,441100,91740,077
2024-01-10$6.45$5.00157.3%41.5%167.1%47.5%156.1%-10.0%-10.7%227.2K-22.6M-133.5K0.0535.926,460336101,90440,801
2024-01-11$6.08$5.00153.4%42.3%169.0%45.6%156.6%-23.3%-4.1%204.4K-19.0M-125.5K0.0926.148,499734103,76640,951
2024-01-12$5.20$5.00148.9%39.4%172.1%43.3%142.7%-9.5%-16.3%139.8K-10.3M-111.9K0.2937.268,9402,581105,84841,103
2024-01-16$4.80$5.00139.8%39.8%174.0%38.8%152.7%-42.2%0.6%102.9K-6.6M-97.2K0.1533.063,61154698,89240,274
2024-01-17$4.70$5.00139.4%40.0%173.7%38.6%141.2%-33.5%-14.0%93.8K-5.3M-93.9K0.0346.456,642205100,21240,415
2024-01-18$4.37$5.00134.6%38.7%174.9%36.2%134.6%-39.5%-1.5%77.9K-2.1M-82.9K0.1329.013,763501100,16840,382
2024-01-19$4.30$5.00130.4%37.2%174.3%34.0%129.6%-48.5%3.5%77.1K-1.8M-82.1K0.2536.136,0971,533101,23740,533
2024-01-22$4.30$5.00137.7%37.4%174.3%37.7%135.0%3.8%-10.4%99.2K-2.6M-78.4K2.0924.554,1278,61784,12937,773
2024-01-23$4.17$5.00127.7%37.8%121.3%32.7%77.4%10.4%-3.8%64.2K-1.6M-78.2K1.3829.222,6503,65283,28944,706
2024-01-24$4.01$5.00126.8%37.8%113.4%32.3%133.9%3.7%-3.6%49.5K-233.8K-74.7K0.6327.529,6366,07985,30948,307
2024-01-25$4.04$5.00127.5%35.7%109.8%32.6%136.9%0.4%-1.8%33.5K-245.7K-76.0K0.0833.212,14516786,79054,047
2024-01-26$4.25$5.00125.6%37.7%105.7%31.6%135.3%-0.4%-12.7%51.6K-1.4M-80.0K0.1324.323,22742487,12154,042
2024-01-29$4.49$5.00126.8%38.0%107.4%32.3%134.2%-0.2%7.9%79.6K-3.9M-84.6K0.2120.172,86660885,82753,331
2024-01-30$4.30$5.00129.0%36.5%87.8%33.3%128.1%3.1%-1.9%74.5K-3.0M-81.5K0.1321.681,65221487,76653,695
2024-01-31$3.92$5.00125.0%36.9%91.1%31.4%130.7%-3.2%0.7%38.8K92.1K-71.7K0.1222.274,09349388,80053,876