IREN Options History — March 2024

In March 2024, IREN traded between $4.49 and $5.97. ATM implied volatility averaged 137.1%, placing in the 40.1% IV rank vs the trailing year. The 30-day expected move averaged 39.3%. IV traded above realized volatility by 4.4% (HV 20d: 132.7%). Max pain ranged from $5.00 to $5.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.32.

Notable Days

  • 2024-03-21: Highest Volume — 33,252 contracts
  • 2024-03-20: Largest IV spike — 10.1% change
  • 2024-03-25: Highest IV Rank — 46.3%
  • 2024-03-04: Largest Expected Move — 42.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.23$4.49$5.97$5.97$5.36
Max Pain$5.03$5.00$5.50$5.50$5.00
ATM IV137.1%124.7%144.1%137.6%138.4%
Expected Move39.3%35.9%42.1%39.3%36.4%
HV 20d132.7%91.7%168.8%160.6%121.6%
HV 60d141.9%129.9%149.0%147.1%129.9%
IV Rank40.1%35.3%46.3%37.7%43.1%
IV Percentile68.6%53.6%80.6%67.5%71.0%
Term Structure1.5%-11.7%10.2%2.1%-2.7%
VWIV144.6%118.1%163.3%138.7%141.0%
Skew 25d-16.6%-23.1%-8.6%-10.7%-17.8%
Skew 10d-32.7%-86.8%2.2%-25.5%-7.3%
Call IV 25d148.3%133.0%156.5%150.0%150.6%
Put IV 25d131.7%112.5%144.5%139.3%132.8%
Bid-Ask Spread %35.1922.8159.1159.1134.70
Gamma HHI0.140.120.170.140.15
Net GEX194.0K112.0K319.4K171.6K181.7K
Net DEX-19.7M-31.0M-10.2M-22.1M-24.4M
Net VEX-180.3K-227.1K-155.5K-173.5K-213.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.111.000.160.15
Total Volume15,255.753,62933,2529,60116,572
Total OI211,784.75179,365236,319196,444236,319

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$5.97$5.50137.6%39.3%160.6%37.7%138.7%-10.7%2.1%171.6K-22.1M-173.5K0.1659.118,2901,311132,11864,326
2024-03-04$5.71$5.00143.8%42.1%162.2%40.8%163.3%-11.6%7.1%185.5K-21.0M-162.6K0.1730.9224,6814,156118,95460,411
2024-03-05$5.11$5.00141.2%41.6%168.2%39.5%152.6%-12.6%-5.8%163.1K-16.2M-162.3K0.3137.4913,5354,160134,29964,147
2024-03-06$5.45$5.00143.2%40.8%168.8%40.5%155.6%-11.0%2.9%176.3K-19.1M-176.1K0.6922.814,8653,354137,74668,010
2024-03-07$5.38$5.00138.8%41.0%167.4%38.3%150.7%-19.1%-11.7%164.6K-19.1M-176.1K0.4139.902,5701,059140,46169,010
2024-03-08$5.34$5.00136.4%40.5%154.0%37.1%145.3%-16.8%4.9%171.2K-17.8M-174.1K0.3137.988,4532,587141,42869,328
2024-03-11$5.13$5.00143.3%40.5%140.4%40.5%153.1%-15.8%-0.6%153.0K-16.4M-168.1K0.1631.198,8471,372136,73868,009
2024-03-12$4.92$5.00132.9%39.8%125.9%35.3%161.9%-14.2%10.2%141.7K-13.7M-160.7K0.1345.368,7801,164140,36768,599
2024-03-13$4.88$5.00133.4%39.2%125.9%35.6%118.1%-19.0%4.3%150.4K-14.3M-162.9K0.4730.397,6623,635145,58168,869
2024-03-14$4.54$5.00132.7%39.0%103.3%39.9%139.3%-21.2%4.6%112.0K-10.5M-155.5K0.1330.706,909912148,27172,083
2024-03-15$4.63$5.00134.3%39.6%104.6%40.8%142.2%-21.3%3.6%151.9K-10.6M-156.9K1.0030.228,3608,391151,34272,047
2024-03-18$4.62$5.00129.9%37.5%93.2%38.3%134.5%-13.5%-4.8%156.5K-11.7M-156.6K0.2242.0117,1243,724141,23653,921
2024-03-19$4.49$5.00124.7%35.9%91.7%35.3%133.3%-8.6%3.4%144.2K-10.2M-156.2K0.1632.055,491900147,17855,599
2024-03-20$5.71$5.00137.3%39.4%130.2%42.5%141.7%-17.6%5.4%276.4K-30.2M-205.1K0.2136.2018,3483,938148,52756,101
2024-03-21$5.64$5.00136.0%38.5%130.1%41.7%159.3%-20.7%7.1%319.4K-30.0M-204.7K0.1134.6529,8903,362154,13357,890
2024-03-22$5.09$5.00134.5%38.1%131.4%40.9%135.5%-15.3%1.9%232.1K-22.0M-190.5K0.2836.3914,2293,975167,11559,815
2024-03-25$5.58$5.00144.1%39.8%125.9%46.3%132.4%-22.3%-0.0%303.2K-29.3M-211.2K0.6931.5312,6578,680164,77957,005
2024-03-26$5.75$5.00139.2%38.5%126.6%43.5%153.2%-20.4%1.8%300.1K-31.0M-227.1K0.3732.1513,2034,912167,43964,001
2024-03-27$5.37$5.00140.2%38.3%122.1%44.1%140.6%-23.1%-3.2%224.8K-24.2M-212.1K0.2527.9710,4622,595167,70964,784
2024-03-28$5.36$5.00138.4%36.4%121.6%43.1%141.0%-17.8%-2.7%181.7K-24.4M-213.2K0.1534.7014,4302,142170,72065,599