IREN Options History — June 2025

In June 2025, IREN traded between $8.71 and $14.63. ATM implied volatility averaged 86.5%, placing in the 31.3% IV rank vs the trailing year. The 30-day expected move averaged 23.7%. IV traded above realized volatility by 16.2% (HV 20d: 70.4%). Max pain ranged from $7.50 to $9.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.22.

Notable Days

  • 2025-06-27: Highest Volume — 327,975 contracts
  • 2025-06-13: Largest IV spike — 44.3% change
  • 2025-06-13: Highest IV Rank — 61.0%
  • 2025-06-26: Largest Expected Move — 26.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.68$8.71$14.63$8.71$14.63
Max Pain$8.38$7.50$9.00$7.50$9.00
ATM IV86.5%56.9%114.7%56.9%92.0%
Expected Move23.7%21.2%26.9%21.3%26.7%
HV 20d70.4%63.7%75.7%68.4%72.9%
HV 60d86.3%81.6%93.3%93.2%83.1%
IV Rank31.3%0.0%61.0%0.0%37.0%
IV Percentile16.2%0.0%66.7%0.0%18.7%
Term Structure5.1%-34.3%42.8%32.2%-4.2%
VWIV84.7%75.5%95.2%75.8%93.0%
Skew 25d-4.4%-15.2%24.6%24.6%-12.5%
Skew 10d-8.9%-76.0%32.4%23.6%-40.8%
Call IV 25d87.6%65.8%110.9%65.8%103.3%
Put IV 25d83.2%71.0%101.6%90.4%90.8%
Bid-Ask Spread %46.1426.3068.2137.9039.64
Gamma HHI0.100.070.140.090.07
Net GEX4.0M1.7M6.9M1.7M6.1M
Net DEX-258.7M-721.5M-35.3M-35.3M-721.5M
Net VEX-3.3M-4.6M-2.5M-2.5M-4.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.220.100.360.210.34
Total Volume111,150.428,591327,97537,903181,843
Total OI1,412,239.41,226,8761,595,5111,226,8761,581,411

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-06-02$8.71$7.5056.9%21.3%68.4%0.0%75.8%24.6%32.2%1.7M-35.3M-2.5M0.2137.9031,2916,612731,303495,573
2025-06-03$8.93$8.0075.6%21.2%64.1%19.7%75.5%2.8%31.7%2.4M-55.8M-2.6M0.1768.2124,9994,329752,061499,498
2025-06-04$9.48$8.00102.0%22.3%65.2%47.5%78.6%18.4%42.8%3.3M-111.7M-2.8M0.1052.4572,5657,422758,609501,039
2025-06-05$8.93$8.0080.4%23.5%70.8%24.7%88.8%-2.1%12.8%2.7M-65.2M-2.6M0.1842.0236,9316,775786,357506,413
2025-06-06$9.77$8.0078.0%23.7%74.7%22.3%84.5%-6.4%6.5%3.0M-155.1M-2.9M0.3552.76114,89740,720799,385507,648
2025-06-09$10.29$8.0085.2%23.5%75.7%29.9%84.9%-6.2%0.1%4.0M-202.0M-3.1M0.3641.0493,04233,158798,322510,412
2025-06-10$10.54$8.0077.8%23.5%74.0%22.0%82.7%-10.7%1.9%4.4M-236.7M-3.2M0.1044.8666,8436,827841,010524,416
2025-06-11$10.25$8.0080.1%23.2%70.6%24.4%84.0%-6.1%0.9%4.3M-204.8M-3.2M0.3444.14110,51337,141850,206527,662
2025-06-12$10.25$8.0079.5%23.3%69.9%23.8%83.9%-7.6%2.1%4.6M-217.2M-3.3M0.3650.2833,01011,787891,969553,538
2025-06-13$9.84$8.00114.7%24.1%69.8%61.0%87.9%-14.3%-0.2%3.2M-166.4M-3.2M0.2451.2638,8759,396902,840559,014
2025-06-16$10.34$8.0081.0%23.3%63.7%25.4%82.9%-7.2%4.4%3.7M-211.3M-3.4M0.1954.9855,70410,742866,279553,547
2025-06-17$9.75$8.0080.7%23.2%68.2%25.0%83.5%-6.6%0.8%3.2M-146.1M-3.2M0.1949.0552,54710,178895,048560,047
2025-06-18$9.98$9.0078.9%22.6%68.5%23.2%81.7%-6.4%0.8%3.6M-179.4M-3.3M0.1457.9025,0773,514910,233566,479
2025-06-20$10.45$9.0082.7%23.5%69.1%27.2%83.2%-4.7%3.7%4.0M-233.8M-3.4M0.1435.4970,8309,842915,585568,929
2025-06-23$10.63$9.0083.5%23.7%67.1%28.1%86.7%-7.0%1.7%3.2M-219.2M-3.5M0.1335.73105,58214,121857,404554,539
2025-06-24$11.59$9.0085.4%23.6%72.0%30.0%84.8%0.8%-1.6%4.6M-337.1M-3.8M0.1744.56115,24719,812913,513564,605
2025-06-25$11.96$9.00110.0%24.3%72.4%56.0%83.5%-9.6%-1.3%5.9M-391.7M-3.9M0.2543.11131,46832,449941,601560,366
2025-06-26$13.16$9.00113.2%26.9%75.3%59.4%95.2%-15.2%-34.3%6.9M-566.5M-4.2M0.2351.11218,31250,632962,087580,329
2025-06-27$14.11$9.0093.3%26.4%74.8%38.4%93.6%-11.9%2.2%5.4M-717.3M-4.4M0.2826.30256,52771,4481,004,813590,698
2025-06-30$14.63$9.0092.0%26.7%72.9%37.0%93.0%-12.5%-4.2%6.1M-721.5M-4.6M0.3439.64135,87145,972991,272590,139