IREN Options History — August 2024

In August 2024, IREN traded between $6.80 and $9.29. ATM implied volatility averaged 122.3%, placing in the 40.6% IV rank vs the trailing year. The 30-day expected move averaged 34.6%. IV traded above realized volatility by 17.5% (HV 20d: 104.8%). Max pain ranged from $7.50 to $9.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.26.

Notable Days

  • 2024-08-05: Highest Volume — 58,347 contracts
  • 2024-08-05: Largest IV spike — 14.7% change
  • 2024-08-06: Highest IV Rank — 58.0%
  • 2024-08-05: Largest Expected Move — 40.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.95$6.80$9.29$9.29$7.95
Max Pain$8.86$7.50$9.00$7.50$9.00
ATM IV122.3%104.8%147.9%123.8%104.8%
Expected Move34.6%29.6%40.7%33.0%29.6%
HV 20d104.8%98.9%114.5%105.7%107.7%
HV 60d111.6%107.8%117.3%108.9%111.9%
IV Rank40.6%28.7%58.0%41.7%28.7%
IV Percentile51.4%19.4%89.3%57.1%19.4%
Term Structure-1.7%-28.6%2.3%2.2%-2.0%
VWIV123.7%106.6%142.7%122.9%106.6%
Skew 25d-3.6%-11.2%2.4%-11.1%-5.7%
Skew 10d-5.0%-19.5%8.9%-17.6%-6.6%
Call IV 25d125.7%109.2%150.8%133.0%109.5%
Put IV 25d122.1%103.8%149.6%121.9%103.8%
Bid-Ask Spread %32.9121.2847.4127.7031.70
Gamma HHI0.120.080.430.110.43
Net GEX699.2K-1.0M1.9M958.3K-1.0M
Net DEX-44.2M-94.3M-9.3M-94.3M-32.8M
Net VEX-1.1M-1.3M-951.7K-1.3M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.040.700.090.70
Total Volume30,407.63613,55558,34751,98128,494
Total OI669,492.818578,047748,158686,989638,749

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-08-01$9.29$7.50123.8%33.0%105.7%41.7%122.9%-11.1%2.2%958.3K-94.3M-1.3M0.0927.7047,7054,276445,014241,975
2024-08-02$8.54$7.50128.5%36.2%104.0%44.9%128.7%-11.2%0.5%729.7K-64.1M-1.2M0.2532.5737,0309,408471,616242,845
2024-08-05$8.29$9.00147.4%40.7%104.0%57.7%142.7%-1.3%-0.1%795.4K-64.1M-1.2M0.1221.4051,9006,447455,753236,796
2024-08-06$7.97$9.00147.9%38.0%98.9%58.0%133.0%-7.3%-28.6%746.3K-48.3M-1.1M0.2624.9125,1856,460465,999238,685
2024-08-07$6.80$9.00133.8%38.1%109.1%48.4%135.3%-2.7%-1.5%379.8K-9.3M-951.7K0.1531.8438,8945,717472,785240,770
2024-08-08$7.63$9.00130.3%37.0%114.5%46.0%130.0%0.6%2.2%769.1K-43.1M-1.1M0.3227.3126,4778,410491,302242,761
2024-08-09$7.50$9.00129.6%36.4%109.3%45.6%126.9%-0.8%1.9%871.6K-34.2M-1.1M0.4338.8711,1884,859498,799249,359
2024-08-12$7.46$9.00129.4%37.0%109.5%45.5%130.9%-6.3%-1.9%578.6K-30.9M-1.1M0.0937.0318,5131,654472,930243,655
2024-08-13$7.38$9.00121.6%35.0%108.3%40.2%126.7%-4.5%0.7%654.0K-25.5M-1.0M0.5336.098,8794,676482,808244,091
2024-08-14$7.31$9.00120.0%34.9%105.7%39.1%129.4%-6.3%0.8%655.4K-22.5M-1.0M0.0637.9318,0461,092485,359245,971
2024-08-15$7.38$9.00119.8%34.0%103.6%38.9%122.2%-6.5%-1.8%713.3K-22.6M-1.0M0.3432.0316,4545,599482,421245,028
2024-08-16$7.91$9.00118.6%34.0%101.1%38.2%123.2%-3.1%2.3%547.8K-44.8M-1.1M0.0847.4128,3072,272482,074244,771
2024-08-19$8.07$9.00117.2%33.7%101.0%37.2%119.5%2.4%-0.2%650.5K-41.3M-1.1M0.1442.0219,5472,776378,398199,649
2024-08-20$8.16$9.00115.9%33.3%100.9%36.3%119.6%1.8%-2.1%777.9K-46.6M-1.1M0.1021.2817,7231,718390,806201,883
2024-08-21$8.73$9.00115.7%33.2%103.3%36.1%120.7%0.8%-1.7%1.1M-69.3M-1.2M0.0432.2145,2531,648402,088202,823
2024-08-22$8.13$9.00114.3%32.9%101.1%35.3%115.9%-7.4%-1.1%971.4K-49.7M-1.2M0.4131.1315,7896,505406,523203,037
2024-08-23$8.54$9.00114.3%32.9%102.8%35.2%116.4%-1.3%0.2%1.9M-63.9M-1.2M0.1636.9319,1392,990410,824204,687
2024-08-26$8.07$9.00113.0%33.0%103.4%34.4%120.7%-4.7%-1.5%725.8K-49.2M-1.1M0.6927.6411,6898,023401,735200,692
2024-08-27$7.91$9.00115.7%33.6%102.5%36.2%119.2%2.4%-0.9%547.8K-37.5M-1.1M0.2840.0319,7155,445406,621207,649
2024-08-28$7.42$9.00119.3%34.7%100.1%38.6%122.9%-5.0%-4.2%429.7K-22.1M-1.0M0.2438.7212,0942,954410,908211,008
2024-08-29$8.46$9.00109.3%31.2%109.5%31.9%107.2%-1.3%0.2%850.6K-55.2M-1.2M0.1727.3049,6628,356415,546211,649
2024-08-30$7.95$9.00104.8%29.6%107.7%28.7%106.6%-5.7%-2.0%-1.0M-32.8M-1.1M0.7031.7016,74511,749423,967214,782