IREN Options History — April 2024

In April 2024, IREN traded between $4.33 and $6.56. ATM implied volatility averaged 135.4%, placing in the 41.4% IV rank vs the trailing year. The 30-day expected move averaged 39.6%. IV traded above realized volatility by 4.8% (HV 20d: 130.6%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.32.

Notable Days

2024-04-16: Highest Volume — 41,050 contracts
2024-04-29: Largest IV spike — 13.6% change
2024-04-01: Highest IV Rank — 50.0%
2024-04-04: Largest Expected Move — 43.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$5.12	$4.33	$6.56	$6.56	$4.34
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	135.4%	113.7%	150.6%	150.6%	122.8%
Expected Move	39.6%	35.3%	43.0%	41.1%	39.4%
HV 20d	130.6%	82.3%	148.7%	141.7%	82.3%
HV 60d	135.1%	132.5%	138.9%	136.4%	135.3%
IV Rank	41.4%	29.1%	50.0%	50.0%	34.3%
IV Percentile	67.6%	37.3%	85.3%	85.3%	50.8%
Term Structure	-2.8%	-48.9%	25.5%	-3.4%	4.9%
VWIV	141.8%	126.0%	154.1%	144.6%	140.1%
Skew 25d	-12.6%	-23.8%	11.5%	10.1%	-14.8%
Skew 10d	-19.0%	-71.2%	222.1%	-51.0%	-15.8%
Call IV 25d	147.1%	135.1%	161.9%	161.9%	136.4%
Put IV 25d	134.5%	118.6%	172.0%	172.0%	121.6%
Bid-Ask Spread %	36.29	24.33	47.28	31.18	44.17
Gamma HHI	0.16	0.13	0.19	0.16	0.14
Net GEX	268.0K	139.9K	451.0K	357.5K	181.5K
Net DEX	-22.4M	-42.6M	-9.0M	-42.6M	-9.5M
Net VEX	-222.2K	-263.8K	-182.5K	-252.2K	-205.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.09	0.70	0.12	0.30
Total Volume	16,946.5	6,379	41,050	36,513	15,425
Total OI	278,305.455	230,536	309,804	230,536	307,965

Daily Data (22 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
2024-04-01	$6.56	$5.00	150.6%	41.1%	141.7%	50.0%	144.6%	10.1%	-3.4%	357.5K	-42.6M	-252.2K	0.12	31.18	32,658	3,855	165,612	64,924
2024-04-02	$5.76	$5.00	145.5%	40.9%	148.7%	47.1%	146.3%	-14.3%	6.3%	287.1K	-28.8M	-223.4K	0.31	30.04	30,136	9,219	172,998	66,820
2024-04-03	$5.58	$5.00	142.5%	36.4%	143.4%	45.5%	128.5%	-15.9%	-0.6%	246.5K	-26.8M	-222.8K	0.39	33.34	7,852	3,087	184,150	71,064
2024-04-04	$5.79	$5.00	144.3%	43.0%	142.2%	46.4%	154.1%	-16.4%	0.3%	306.2K	-30.8M	-233.2K	0.29	24.33	19,128	5,629	186,896	72,837
2024-04-05	$5.61	$5.00	141.2%	42.4%	142.6%	44.7%	151.1%	-20.6%	5.7%	314.1K	-28.5M	-228.9K	0.11	37.23	11,778	1,285	192,509	72,629
2024-04-08	$5.38	$5.00	143.0%	41.9%	143.5%	45.7%	148.7%	-11.3%	2.5%	278.5K	-24.4M	-215.5K	0.26	34.55	12,416	3,233	183,076	66,723
2024-04-09	$5.00	$5.00	142.3%	41.7%	145.2%	45.3%	146.5%	-18.2%	6.4%	194.8K	-18.9M	-201.5K	0.09	33.49	22,903	2,067	186,998	69,324
2024-04-10	$4.92	$5.00	135.3%	41.3%	144.5%	41.4%	141.7%	-15.2%	9.6%	196.6K	-18.1M	-208.9K	0.40	39.19	10,417	4,184	199,759	70,585
2024-04-11	$4.94	$5.00	132.6%	40.7%	144.5%	39.8%	143.2%	-12.9%	11.7%	173.5K	-17.9M	-211.6K	0.28	28.14	8,050	2,218	206,425	73,980
2024-04-12	$4.70	$5.00	137.9%	40.1%	143.2%	42.8%	150.8%	11.5%	2.1%	170.8K	-14.7M	-206.9K	0.30	38.47	7,166	2,175	211,435	75,461
2024-04-15	$4.33	$5.00	139.2%	40.8%	146.0%	43.6%	152.9%	-23.8%	-19.9%	139.9K	-9.9M	-184.4K	0.39	27.54	9,413	3,705	203,904	73,521
2024-04-16	$4.38	$5.00	135.1%	39.1%	146.1%	41.2%	152.6%	-18.0%	-12.9%	147.1K	-9.0M	-182.5K	0.24	34.85	32,991	8,059	205,891	73,475
2024-04-17	$4.50	$5.00	137.1%	39.3%	146.1%	42.4%	136.9%	-6.7%	-21.3%	170.9K	-12.5M	-203.0K	0.12	36.01	5,678	701	215,047	80,745
2024-04-18	$4.67	$5.00	132.3%	39.0%	116.7%	39.6%	141.2%	-17.6%	-48.9%	198.2K	-16.0M	-211.4K	0.30	42.05	12,813	3,855	218,442	80,764
2024-04-19	$4.88	$5.00	130.6%	38.9%	118.2%	38.7%	139.6%	-14.5%	-27.0%	282.5K	-21.1M	-229.2K	0.50	47.28	5,700	2,865	225,940	83,864
2024-04-22	$5.53	$5.00	133.6%	38.2%	121.4%	40.4%	134.7%	-11.5%	-2.3%	377.9K	-33.8M	-258.9K	0.15	38.55	16,498	2,483	204,621	77,734
2024-04-23	$5.58	$5.00	132.4%	37.4%	117.0%	39.7%	134.8%	-10.1%	-0.7%	451.0K	-36.5M	-263.8K	0.45	42.55	7,190	3,224	211,475	77,735
2024-04-24	$5.28	$5.00	130.2%	37.8%	118.0%	38.5%	135.8%	-7.9%	-0.9%	407.5K	-28.6M	-247.7K	0.22	35.04	9,036	1,994	213,083	80,234
2024-04-25	$5.13	$5.00	127.4%	36.8%	116.0%	36.9%	141.0%	-17.0%	-2.7%	380.4K	-25.8M	-241.4K	0.43	38.90	4,893	2,083	214,859	81,723
2024-04-26	$5.03	$5.00	113.7%	35.3%	116.1%	29.1%	126.0%	-22.5%	25.5%	394.6K	-23.6M	-237.1K	0.70	46.00	5,237	3,647	216,367	82,148
2024-04-29	$4.67	$5.00	129.2%	38.6%	89.8%	37.9%	127.9%	-10.1%	3.5%	239.7K	-14.5M	-218.5K	0.69	35.55	9,400	6,477	211,967	87,011
2024-04-30	$4.34	$5.00	122.8%	39.4%	82.3%	34.3%	140.1%	-14.8%	4.9%	181.5K	-9.5M	-205.8K	0.30	44.17	11,837	3,588	216,854	91,111