IREN Options History — February 2024

In February 2024, IREN traded between $3.65 and $8.18. ATM implied volatility averaged 146.9%, placing in the 42.4% IV rank vs the trailing year. The 30-day expected move averaged 42.1%. IV traded above realized volatility by 15.3% (HV 20d: 131.6%). Max pain ranged from $2.50 to $6.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.60.

Notable Days

2024-02-14: Highest Volume — 45,058 contracts
2024-02-08: Largest IV spike — 13.6% change
2024-02-14: Highest IV Rank — 61.3%
2024-02-14: Largest Expected Move — 53.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.92	$3.65	$8.18	$3.75	$5.81
Max Pain	$4.63	$2.50	$6.00	$5.00	$6.00
ATM IV	146.9%	121.4%	184.7%	130.6%	130.8%
Expected Move	42.1%	34.4%	53.0%	38.4%	42.0%
HV 20d	131.6%	85.5%	166.1%	91.3%	162.4%
HV 60d	141.4%	129.0%	149.1%	130.0%	147.1%
IV Rank	42.4%	29.6%	61.3%	34.2%	34.2%
IV Percentile	73.3%	50.8%	96.8%	61.1%	62.3%
Term Structure	-4.6%	-18.6%	3.9%	-4.3%	-12.4%
VWIV	149.9%	128.3%	189.3%	129.4%	144.7%
Skew 25d	-8.9%	-19.4%	2.2%	-3.1%	-10.5%
Skew 10d	-9.9%	-86.2%	81.7%	24.2%	-12.3%
Call IV 25d	154.9%	120.5%	197.4%	132.4%	148.7%
Put IV 25d	145.9%	122.7%	186.3%	129.3%	138.3%
Bid-Ask Spread %	35.23	16.34	62.03	42.75	43.89
Gamma HHI	0.16	0.13	0.21	0.15	0.13
Net GEX	162.5K	-261	360.0K	615	182.9K
Net DEX	-21.1M	-51.0M	3.0M	1.4M	-17.7M
Net VEX	-128.0K	-170.9K	-65.2K	-67.7K	-154.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.60	0.07	7.26	0.20	0.54
Total Volume	19,424.15	1,665	45,058	15,354	29,629
Total OI	161,111.55	145,805	204,842	145,805	179,797

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2024-02-01	$3.75	$5.00	130.6%	38.4%	91.3%	34.2%	129.4%	-3.1%	-4.3%	615	1.4M	-67.7K	0.20	42.75	12,816	2,538	90,263	55,542
2024-02-02	$3.74	$2.50	130.3%	34.4%	89.2%	34.0%	132.8%	-4.6%	1.5%	27.3K	1.6M	-69.1K	7.26	45.49	2,218	16,110	88,693	57,631
2024-02-05	$3.65	$3.00	126.1%	35.6%	86.1%	31.9%	128.3%	-8.7%	-0.7%	-261	3.0M	-65.2K	0.07	35.97	3,959	275	86,523	59,503
2024-02-06	$3.81	$3.00	123.8%	35.7%	85.5%	30.8%	131.3%	2.2%	3.9%	40.0K	1.4M	-70.8K	0.25	16.34	1,328	337	89,227	59,557
2024-02-07	$4.14	$3.00	121.4%	35.7%	92.9%	29.6%	128.6%	-5.6%	-0.8%	50.3K	-935.3K	-74.5K	0.10	29.89	4,185	399	88,985	59,662
2024-02-08	$5.00	$3.00	137.9%	38.2%	116.6%	37.8%	134.6%	0.8%	-8.1%	121.9K	-10.7M	-95.3K	0.07	26.04	14,522	1,004	91,740	59,706
2024-02-09	$5.96	$3.00	148.0%	40.4%	132.9%	42.9%	149.4%	-1.7%	-18.6%	128.3K	-21.0M	-111.2K	0.11	21.06	17,047	1,880	93,178	60,043
2024-02-12	$7.00	$4.50	165.9%	47.0%	131.4%	51.8%	165.9%	-1.5%	-5.3%	199.4K	-33.2M	-127.3K	0.10	20.61	21,189	2,194	97,794	60,882
2024-02-13	$6.83	$4.50	171.1%	48.9%	127.5%	54.5%	170.0%	-9.9%	-5.1%	212.1K	-31.8M	-129.4K	0.25	20.63	10,610	2,620	102,634	62,281
2024-02-14	$8.18	$5.50	184.7%	53.0%	138.9%	61.3%	189.3%	-11.1%	-6.6%	287.4K	-51.0M	-140.9K	0.18	27.97	38,233	6,825	105,447	63,448
2024-02-15	$7.83	$5.50	182.1%	52.2%	136.5%	59.9%	187.6%	-15.8%	-4.1%	360.0K	-49.9M	-170.9K	0.20	62.03	29,290	6,001	124,359	69,778
2024-02-16	$6.71	$5.50	165.2%	48.1%	150.7%	51.5%	165.5%	-16.6%	-6.6%	189.5K	-30.1M	-156.3K	0.27	28.89	29,121	7,781	131,522	73,320
2024-02-20	$6.89	$5.50	168.3%	45.8%	150.4%	53.1%	161.7%	-8.2%	-8.3%	196.7K	-29.5M	-159.9K	0.42	41.22	16,554	6,878	98,573	49,240
2024-02-21	$6.63	$5.50	158.1%	44.0%	150.8%	47.9%	153.4%	-17.9%	-3.2%	197.6K	-27.9M	-160.1K	0.80	42.01	4,424	3,521	104,812	50,014
2024-02-22	$6.64	$5.50	143.6%	41.4%	149.3%	40.7%	150.2%	-9.6%	-0.3%	190.1K	-25.9M	-162.3K	0.17	25.76	9,926	1,711	106,551	52,952
2024-02-23	$6.08	$5.50	134.2%	38.0%	154.6%	36.0%	133.4%	-11.8%	-5.3%	105.0K	-19.5M	-151.5K	0.35	49.47	6,356	2,205	111,150	53,872
2024-02-26	$6.96	$5.50	141.0%	40.8%	159.6%	39.4%	148.6%	-11.9%	3.7%	243.4K	-29.5M	-169.4K	0.08	38.37	27,095	2,205	101,801	51,001
2024-02-27	$6.78	$5.50	139.1%	41.8%	160.1%	38.4%	145.7%	-19.4%	-1.5%	301.6K	-28.9M	-167.2K	0.13	41.05	16,448	2,190	110,446	51,605
2024-02-28	$6.03	$5.50	136.8%	40.8%	166.1%	37.3%	147.2%	-13.9%	-10.4%	216.2K	-21.3M	-156.1K	0.36	45.11	19,688	7,171	115,818	52,881
2024-02-29	$5.81	$6.00	130.8%	42.0%	162.4%	34.2%	144.7%	-10.5%	-12.4%	182.9K	-17.7M	-154.7K	0.54	43.89	19,224	10,405	121,954	57,843