IREN Options History — April 2025

In April 2025, IREN traded between $5.22 and $6.69. ATM implied volatility averaged 101.6%, placing in the 32.4% IV rank vs the trailing year. The 30-day expected move averaged 30.6%. IV traded below realized volatility by 6.2% (HV 20d: 107.8%). Max pain ranged from $7.00 to $10.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.42.

Notable Days

  • 2025-04-23: Highest Volume — 100,410 contracts
  • 2025-04-09: Largest IV drop — 25.0% change
  • 2025-04-08: Highest IV Rank — 63.0%
  • 2025-04-08: Largest Expected Move — 36.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.93$5.22$6.69$6.63$6.00
Max Pain$8.71$7.00$10.00$10.00$7.00
ATM IV101.6%81.7%124.3%95.8%92.8%
Expected Move30.6%28.2%36.9%28.2%29.4%
HV 20d107.8%97.6%117.3%109.8%98.3%
HV 60d109.0%100.1%115.3%110.8%100.1%
IV Rank32.4%5.5%63.0%24.6%20.6%
IV Percentile22.6%2.4%74.2%7.9%6.7%
Term Structure1.2%-32.6%29.1%-0.3%-0.3%
VWIV105.2%97.6%122.7%98.9%103.6%
Skew 25d9.2%-3.7%42.6%6.0%2.8%
Skew 10d11.7%-44.4%76.0%25.4%6.3%
Call IV 25d97.5%77.4%113.1%91.7%92.8%
Put IV 25d106.7%93.7%129.8%97.7%95.5%
Bid-Ask Spread %44.9723.6261.0746.5748.43
Gamma HHI0.130.070.530.070.11
Net GEX322.1K-744.2K3.8M244.1K450.2K
Net DEX105.9M68.9M131.6M114.3M93.2M
Net VEX-1.3M-1.6M-1.0M-1.4M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.061.040.230.22
Total Volume52,359.09521,913100,41043,07752,821
Total OI1,180,145.5711,082,7041,236,0921,136,6051,226,373

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$6.63$10.0095.8%28.2%109.8%24.6%98.9%6.0%-0.3%244.1K114.3M-1.4M0.2346.5735,0648,013664,526472,079
2025-04-02$6.69$10.0093.5%28.6%107.4%21.5%98.8%4.7%-0.1%399.6K110.3M-1.5M0.9852.3117,92717,658677,374474,949
2025-04-03$6.02$10.00100.2%30.5%111.9%30.5%105.8%5.6%4.3%-246.3K127.2M-1.3M0.3038.9736,66811,095686,928487,142
2025-04-04$5.96$10.00112.5%34.2%111.5%47.1%118.4%15.2%-1.6%-744.2K128.5M-1.3M0.3437.1342,97714,660697,804487,496
2025-04-07$5.88$10.00119.7%35.6%97.6%56.8%119.8%42.6%4.7%90.1K112.9M-1.3M0.1853.0524,8954,526681,048478,007
2025-04-08$5.22$10.00124.3%36.9%101.1%63.0%122.7%16.6%2.0%-81.9K128.7M-1.0M0.4451.0346,20120,303686,925479,548
2025-04-09$5.94$10.0093.3%29.3%113.4%21.1%98.3%9.2%8.9%122.6K129.9M-1.2M1.0449.6044,00245,751713,271484,519
2025-04-10$5.39$9.00112.2%34.4%117.3%46.7%114.6%15.8%10.3%-594.1K131.6M-1.1M0.4749.7714,9366,977728,417507,675
2025-04-11$5.63$9.00105.8%31.6%116.1%38.1%108.4%11.4%7.3%-101.9K115.6M-1.1M0.5852.8321,93812,807733,601489,380
2025-04-14$5.78$9.0098.7%28.9%115.7%28.5%103.3%6.6%-3.3%-122.5K108.8M-1.2M0.9623.6238,70137,314692,890447,084
2025-04-15$5.39$9.00104.4%30.3%111.8%36.2%102.9%8.3%-1.2%-270.4K119.6M-1.1M0.1454.9326,9803,866720,657474,393
2025-04-16$5.37$8.00106.0%30.4%105.6%38.3%102.8%7.7%4.5%-220.0K110.7M-1.1M0.8561.0730,86926,175730,341460,600
2025-04-17$5.62$8.00100.6%28.8%107.8%31.1%97.6%8.3%2.9%-17.3K109.7M-1.2M0.3241.2724,6567,989752,280480,061
2025-04-21$5.55$8.00102.9%30.5%107.7%34.1%104.9%7.9%1.3%-29.2K106.0M-1.2M0.0639.8750,6512,877623,894458,810
2025-04-22$6.05$8.00102.5%29.6%108.7%33.5%102.2%17.0%-32.6%611.0K87.3M-1.3M0.1941.0554,82710,181655,912459,972
2025-04-23$6.08$8.00102.6%29.8%108.4%33.7%102.1%-3.7%-4.8%736.6K85.6M-1.4M0.5248.0966,21334,197681,475472,057
2025-04-24$6.29$8.0096.5%28.9%105.2%25.5%101.5%4.6%-3.0%1.4M77.0M-1.5M0.1444.0533,5274,839717,088484,011
2025-04-25$6.44$8.0094.1%28.6%104.8%22.2%99.7%3.1%-2.7%3.8M68.9M-1.6M0.2348.7880,24618,204728,699486,169
2025-04-28$6.29$7.0093.9%28.9%102.0%22.0%101.7%1.7%-0.1%702.3K76.5M-1.6M0.4630.4728,43913,002712,269476,334
2025-04-29$6.28$7.0081.7%29.4%102.0%5.5%101.5%2.3%29.1%693.1K81.2M-1.5M0.1031.5824,1582,411725,214485,785
2025-04-30$6.00$7.0092.8%29.4%98.3%20.6%103.6%2.8%-0.3%450.2K93.2M-1.4M0.2248.4343,2689,553739,492486,881