IREN Options History — September 2024

In September 2024, IREN traded between $6.42 and $9.11. ATM implied volatility averaged 110.1%, placing in the 36.3% IV rank vs the trailing year. The 30-day expected move averaged 31.5%. IV traded above realized volatility by 8.9% (HV 20d: 101.2%). Max pain ranged from $7.00 to $9.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.16.

Notable Days

  • 2024-09-03: Highest Volume — 72,376 contracts
  • 2024-09-16: Largest IV spike — 6.8% change
  • 2024-09-16: Highest IV Rank — 43.4%
  • 2024-09-16: Largest Expected Move — 33.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.72$6.42$9.11$6.91$8.43
Max Pain$7.53$7.00$9.00$9.00$8.00
ATM IV110.1%102.4%115.7%109.1%112.5%
Expected Move31.5%29.1%33.2%31.1%31.6%
HV 20d101.2%87.7%117.9%117.9%87.7%
HV 60d105.6%100.7%112.2%112.2%100.7%
IV Rank36.3%31.7%43.4%31.7%40.9%
IV Percentile30.2%15.1%42.1%27.0%35.7%
Term Structure1.2%-2.7%9.7%-2.5%9.7%
VWIV119.1%108.9%133.1%113.0%120.2%
Skew 25d-7.8%-13.9%13.5%-2.4%-13.6%
Skew 10d-7.7%-29.5%40.2%-5.7%21.0%
Call IV 25d117.9%100.0%127.5%113.2%123.9%
Put IV 25d110.1%102.5%118.2%110.8%110.4%
Bid-Ask Spread %25.9518.7440.6940.6925.80
Gamma HHI0.110.080.450.080.10
Net GEX1.3M372.3K2.8M372.3K1.5M
Net DEX-59.8M-129.6M-9.1M-10.7M-87.2M
Net VEX-1.1M-1.4M-921.5K-948.8K-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.160.040.580.080.12
Total Volume35,534.359,87772,37672,37631,256
Total OI700,595.15610,477746,294610,477705,791

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-09-03$6.91$9.00109.1%31.1%117.9%31.7%113.0%-2.4%-2.5%372.3K-10.7M-948.8K0.0840.6967,1395,237409,083201,394
2024-09-04$6.75$9.00110.0%32.0%117.5%32.3%114.4%-11.6%1.0%543.1K-12.8M-949.8K0.1029.5236,8193,496457,319203,881
2024-09-05$6.74$7.00110.9%32.9%103.2%32.9%131.3%-13.9%3.0%559.0K-17.7M-974.7K0.1035.6036,5073,695477,248205,804
2024-09-06$6.42$7.00115.7%32.9%94.9%36.1%124.6%-4.4%-0.1%488.6K-9.1M-921.5K0.2324.1716,9703,831489,933207,768
2024-09-09$7.08$7.00113.4%33.0%102.0%34.6%127.2%-2.5%3.9%744.5K-31.6M-1.0M0.0424.4935,3831,444478,115203,805
2024-09-10$7.44$7.00112.9%32.5%103.7%34.3%120.9%-11.1%1.2%1.2M-53.2M-1.1M0.1618.7423,1293,604496,322204,479
2024-09-11$7.46$7.00111.5%31.7%103.6%33.4%116.8%-5.4%-0.2%1.2M-52.8M-1.1M0.2924.4317,9995,181502,152207,032
2024-09-12$7.44$7.00109.1%31.3%103.6%31.7%113.0%-5.9%1.3%1.2M-52.4M-1.1M0.1630.888,5031,374508,302209,507
2024-09-13$7.63$8.00108.1%31.1%103.9%37.4%133.1%-4.4%-0.6%906.3K-58.6M-1.1M0.0524.5146,4162,498508,934209,047
2024-09-16$7.75$8.00115.5%33.2%100.9%43.4%121.9%-12.1%-2.7%1.1M-58.0M-1.1M0.0623.6132,1081,856506,207205,804
2024-09-17$7.96$8.00112.4%32.3%101.2%40.9%131.9%-8.1%-2.3%1.4M-67.5M-1.2M0.0926.8827,0992,394519,039206,816
2024-09-18$7.69$8.00109.9%31.5%101.7%38.8%117.3%-12.6%0.0%1.3M-59.0M-1.1M0.1019.8216,4381,603520,574208,369
2024-09-19$7.76$8.00107.1%30.8%98.4%36.5%108.9%-12.4%-0.7%1.5M-57.3M-1.1M0.5822.8525,97115,028530,842208,202
2024-09-20$7.50$7.00102.4%29.1%96.0%32.7%110.6%-10.5%5.8%2.8M-46.5M-1.1M0.1920.9133,8956,601540,714205,580
2024-09-23$7.89$7.00107.7%30.3%96.1%37.1%128.7%-8.5%1.9%1.1M-61.7M-1.2M0.0623.6246,1932,987454,377201,261
2024-09-24$8.82$7.00104.4%30.7%102.2%34.4%112.5%13.5%1.2%1.9M-108.0M-1.3M0.0925.1236,3103,303488,841203,336
2024-09-25$8.77$7.00108.4%30.6%101.9%37.6%109.6%-7.5%2.1%2.1M-109.0M-1.3M0.1528.9018,6282,777497,581204,145
2024-09-26$9.11$7.00109.7%30.7%99.1%38.7%111.4%-11.6%1.4%2.4M-129.6M-1.4M0.0924.7728,7172,618503,459205,864
2024-09-27$8.79$7.50112.1%30.7%89.3%40.6%115.5%-11.8%0.6%1.6M-113.3M-1.3M0.5323.7836,33919,341508,350206,626
2024-09-30$8.43$8.00112.5%31.6%87.7%40.9%120.2%-13.6%9.7%1.5M-87.2M-1.3M0.1225.8027,8353,421492,410213,381