IREN Options History — May 2024

In May 2024, IREN traded between $4.38 and $7.83. ATM implied volatility averaged 116.0%, placing in the 30.4% IV rank vs the trailing year. The 30-day expected move averaged 32.7%. IV traded above realized volatility by 23.4% (HV 20d: 92.7%). 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 0.47.

Notable Days

2024-05-22: Highest Volume — 95,557 contracts
2024-05-09: Largest IV drop — 19.5% change
2024-05-08: Highest IV Rank — 47.4%
2024-05-01: Largest Expected Move — 38.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$6.04	$4.38	$7.83	$4.38	$7.69
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	116.0%	102.7%	145.9%	128.6%	104.9%
Expected Move	32.7%	29.0%	38.6%	38.6%	29.0%
HV 20d	92.7%	82.4%	106.2%	82.4%	97.0%
HV 60d	118.4%	110.9%	135.2%	135.2%	111.2%
IV Rank	30.4%	22.9%	47.4%	37.5%	24.1%
IV Percentile	41.4%	21.0%	87.3%	59.9%	23.4%
Term Structure	1.2%	-4.8%	14.6%	-4.5%	-2.5%
VWIV	118.5%	102.4%	135.3%	121.5%	102.4%
Skew 25d	-9.4%	-22.9%	12.6%	12.6%	-7.9%
Skew 10d	-18.3%	-58.6%	40.2%	-33.1%	-20.7%
Call IV 25d	120.3%	105.4%	150.3%	105.4%	112.1%
Put IV 25d	111.0%	101.3%	127.3%	118.0%	104.2%
Bid-Ask Spread %	28.73	13.83	44.98	44.97	44.34
Gamma HHI	0.15	0.13	0.24	0.14	0.16
Net GEX	435.4K	190.9K	665.2K	190.9K	499.8K
Net DEX	-38.3M	-75.3M	-10.5M	-10.5M	-60.5M
Net VEX	-389.9K	-642.5K	-210.7K	-210.7K	-642.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.47	0.13	1.50	0.13	0.20
Total Volume	22,929.682	4,871	95,557	10,427	13,007
Total OI	350,661.818	313,442	391,501	315,361	391,501

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
2024-05-01	$4.38	$5.00	128.6%	38.6%	82.4%	37.5%	121.5%	12.6%	-4.5%	190.9K	-10.5M	-210.7K	0.13	44.97	9,225	1,202	221,865	93,496
2024-05-02	$4.56	$5.00	128.3%	37.3%	82.6%	37.4%	127.5%	-14.4%	-2.5%	211.7K	-13.0M	-224.2K	0.18	44.98	5,374	944	225,032	94,286
2024-05-03	$4.71	$5.00	122.5%	35.4%	83.7%	34.1%	135.3%	-6.1%	-3.4%	255.8K	-15.5M	-233.2K	1.36	42.45	5,930	8,094	228,025	94,702
2024-05-06	$5.25	$5.00	110.5%	36.4%	92.4%	27.3%	134.4%	-22.9%	4.9%	345.1K	-26.1M	-272.2K	0.48	14.95	12,894	6,145	221,804	100,003
2024-05-07	$5.03	$5.00	123.2%	34.0%	89.9%	34.5%	131.4%	-1.1%	3.0%	350.8K	-20.4M	-261.6K	0.34	19.91	7,541	2,559	227,953	104,661
2024-05-08	$5.16	$5.00	145.9%	33.8%	90.1%	47.4%	130.1%	-13.8%	4.5%	367.7K	-23.1M	-279.4K	1.04	21.72	4,283	4,447	231,472	107,580
2024-05-09	$5.08	$5.00	117.5%	32.9%	90.3%	31.2%	128.4%	8.1%	0.7%	401.1K	-20.1M	-279.7K	0.18	14.80	4,118	753	233,611	111,500
2024-05-10	$4.79	$5.00	120.0%	32.0%	91.0%	32.7%	121.5%	-16.3%	14.6%	267.1K	-13.2M	-258.7K	0.29	15.73	9,668	2,816	233,680	111,578
2024-05-13	$4.83	$5.00	117.8%	33.2%	85.6%	31.4%	121.3%	-10.7%	-1.3%	284.3K	-12.9M	-258.6K	0.72	13.83	5,842	4,206	229,253	110,300
2024-05-14	$4.88	$5.00	118.3%	33.5%	85.6%	31.7%	123.9%	-5.9%	0.1%	293.8K	-14.0M	-269.7K	0.83	15.94	7,217	6,010	231,456	114,200
2024-05-15	$5.19	$5.00	111.5%	32.2%	87.6%	27.9%	119.8%	-7.4%	0.2%	372.7K	-21.3M	-302.1K	1.50	21.68	12,727	19,151	239,293	124,437
2024-05-16	$5.89	$5.00	108.2%	29.8%	96.9%	26.0%	110.1%	-7.9%	-2.2%	465.7K	-39.2M	-334.4K	0.13	24.57	31,620	4,172	246,052	123,234
2024-05-17	$6.08	$5.00	102.7%	29.2%	96.5%	22.9%	107.2%	-7.7%	0.4%	659.5K	-46.9M	-364.7K	0.31	23.06	20,572	6,405	250,561	125,496
2024-05-20	$6.34	$5.00	120.4%	33.2%	87.5%	32.9%	111.9%	-17.6%	7.9%	439.7K	-43.4M	-390.3K	0.22	39.27	38,624	8,666	201,629	111,813
2024-05-21	$7.31	$5.00	115.7%	33.0%	99.9%	30.2%	115.6%	-12.1%	-0.4%	631.5K	-63.4M	-462.8K	0.15	21.00	38,000	5,666	216,403	117,669
2024-05-22	$7.78	$5.00	115.4%	33.1%	97.9%	30.1%	116.8%	-11.4%	-3.9%	665.2K	-73.9M	-476.4K	0.84	33.98	52,051	43,506	212,978	124,556
2024-05-23	$7.13	$5.00	107.9%	30.3%	103.7%	25.8%	111.0%	-13.0%	14.3%	660.2K	-56.8M	-565.2K	0.15	38.12	18,986	2,885	232,621	145,515
2024-05-24	$7.83	$5.00	109.3%	30.8%	106.2%	26.6%	111.6%	-14.8%	4.7%	510.6K	-75.3M	-590.1K	0.38	37.43	24,385	9,209	227,156	145,912
2024-05-28	$7.83	$5.00	110.3%	31.5%	100.4%	27.2%	114.1%	-12.6%	-2.3%	616.4K	-68.4M	-639.6K	0.31	31.11	17,921	5,483	226,644	150,474
2024-05-29	$7.71	$5.00	104.8%	31.0%	94.8%	24.0%	108.2%	-10.8%	-0.5%	589.2K	-63.1M	-636.8K	0.35	28.21	9,576	3,364	230,890	154,573
2024-05-30	$7.46	$5.00	109.4%	29.4%	97.1%	26.7%	103.6%	-12.7%	-4.8%	500.4K	-62.0M	-624.6K	0.31	39.92	7,022	2,187	232,668	156,028
2024-05-31	$7.69	$5.00	104.9%	29.0%	97.0%	24.1%	102.4%	-7.9%	-2.5%	499.8K	-60.5M	-642.5K	0.20	44.34	10,849	2,158	234,476	157,025