IREN Options History — January 2025

In January 2025, IREN traded between $9.89 and $13.11. ATM implied volatility averaged 103.7%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 30.4%. IV traded above realized volatility by 2.5% (HV 20d: 101.2%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.28.

Notable Days

  • 2025-01-27: Highest Volume — 198,091 contracts
  • 2025-01-27: Largest IV spike — 30.0% change
  • 2025-01-27: Highest IV Rank — 44.3%
  • 2025-01-27: Largest Expected Move — 36.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.05$9.89$13.11$10.35$10.25
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV103.7%80.3%126.5%91.8%114.2%
Expected Move30.4%26.2%36.6%26.2%33.0%
HV 20d101.2%86.8%131.7%97.6%128.0%
HV 60d124.1%121.1%131.0%121.3%128.6%
IV Rank17.8%0.0%44.3%0.0%32.5%
IV Percentile14.9%0.0%60.3%0.0%38.9%
Term Structure-0.6%-23.4%7.4%5.1%-4.3%
VWIV108.4%93.4%128.9%93.4%115.8%
Skew 25d2.7%-35.2%45.6%-2.1%0.2%
Skew 10d9.0%-14.5%43.9%17.6%9.9%
Call IV 25d100.4%56.3%129.0%93.5%115.8%
Put IV 25d103.0%71.6%132.7%91.3%115.9%
Bid-Ask Spread %31.4024.0941.9927.0831.67
Gamma HHI0.120.070.550.090.07
Net GEX2.6M431.6K9.2M1.6M873.2K
Net DEX-96.6M-258.9M-2.8M-45.9M-24.0M
Net VEX-2.1M-2.5M-1.9M-1.9M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.130.800.300.19
Total Volume80,707.2532,238198,09146,58763,916
Total OI1,036,469.95898,6331,141,4791,015,3901,081,818

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$10.35$10.0091.8%26.2%97.6%0.0%93.4%-2.1%5.1%1.6M-45.9M-1.9M0.3027.0835,71910,868664,393350,997
2025-01-03$11.39$10.0097.7%27.2%95.6%6.3%96.4%-4.4%2.8%2.5M-128.8M-2.1M0.1930.1779,11515,216667,176359,568
2025-01-06$11.75$10.00101.5%29.0%96.6%10.5%108.3%45.6%-4.0%2.8M-158.2M-2.2M0.5340.0838,49920,490676,218355,547
2025-01-07$11.23$10.0094.3%29.6%90.5%2.6%107.5%-13.6%7.4%2.3M-113.9M-2.1M0.8027.3035,05627,948685,403362,601
2025-01-08$10.59$10.0099.1%29.7%90.7%7.8%105.0%-3.2%3.1%1.6M-62.8M-2.0M0.2632.2568,89018,219694,950370,562
2025-01-10$11.09$10.0098.3%29.9%88.5%6.9%106.8%-1.6%4.2%2.4M-103.6M-2.1M0.3125.3234,69910,778710,289377,607
2025-01-13$10.45$10.00101.3%29.6%88.0%10.2%105.2%-4.3%2.9%1.3M-52.4M-2.0M0.1632.4131,8445,151688,674377,624
2025-01-14$10.91$10.0099.2%28.1%90.3%7.9%101.5%35.2%-1.6%2.1M-83.0M-2.0M0.1833.4732,4845,944698,521376,697
2025-01-15$11.55$10.00101.4%29.0%92.8%10.4%103.3%4.8%1.7%3.5M-145.0M-2.2M0.2141.3082,02517,428709,577378,857
2025-01-16$11.43$10.0080.3%28.5%89.9%0.0%99.3%30.9%0.1%4.2M-129.2M-2.1M0.1429.9328,3843,854743,290386,549
2025-01-17$11.93$10.00102.1%29.2%91.8%20.9%102.8%-35.2%-0.3%9.2M-178.0M-2.2M0.1925.90120,28522,868753,517387,962
2025-01-21$10.79$10.00106.5%30.5%86.8%25.1%108.7%-6.7%-5.9%1.5M-65.5M-2.0M0.2734.51121,44932,428556,231342,402
2025-01-22$11.73$10.00104.7%30.0%91.5%23.4%108.4%-6.1%5.5%3.1M-139.1M-2.3M0.3829.5541,26315,570583,820368,509
2025-01-23$12.16$10.00101.4%28.8%91.9%20.3%106.6%-4.2%2.8%4.1M-170.0M-2.3M0.1341.9951,4496,731589,779376,902
2025-01-24$13.11$10.0097.3%28.2%93.0%16.3%100.5%-5.0%0.8%6.7M-258.9M-2.5M0.2834.72128,62235,567595,537376,809
2025-01-27$10.11$10.00126.5%36.6%131.7%44.3%128.9%-4.3%-3.7%712.7K-30.4M-2.0M0.4526.40136,34161,750565,810368,705
2025-01-28$10.05$10.00122.4%35.9%131.5%40.4%125.4%28.5%-3.2%431.6K-5.4M-2.1M0.3228.4963,80220,126601,474420,819
2025-01-29$9.89$10.00125.4%35.6%129.5%43.2%125.2%-15.8%-23.4%539.4K-2.8M-2.1M0.2324.0932,9757,476626,768425,239
2025-01-30$10.29$10.00109.2%33.8%128.0%27.7%119.5%14.3%-1.2%805.9K-34.2M-2.1M0.1331.4543,2995,617641,061431,137
2025-01-31$10.25$10.00114.2%33.0%128.0%32.5%115.8%0.2%-4.3%873.2K-24.0M-2.1M0.1931.6753,59410,322651,071430,747