IREN Options History — October 2025

In October 2025, IREN traded between $46.97 and $69.47. ATM implied volatility averaged 127.2%, placing in the 74.1% IV rank vs the trailing year. The 30-day expected move averaged 37.0%. IV traded above realized volatility by 21.5% (HV 20d: 105.7%). Max pain ranged from $32.00 to $56.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.44.

Notable Days

2025-10-10: Highest Volume — 556,317 contracts
2025-10-07: Largest IV spike — 12.5% change
2025-10-16: Highest IV Rank — 86.8%
2025-10-29: Largest Expected Move — 40.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.36	$46.97	$69.47	$46.97	$61.78
Max Pain	$45.43	$32.00	$56.00	$40.00	$56.00
ATM IV	127.2%	98.5%	139.1%	101.0%	134.0%
Expected Move	37.0%	26.5%	40.7%	27.1%	40.5%
HV 20d	105.7%	99.6%	116.0%	107.0%	103.9%
HV 60d	93.6%	86.5%	98.2%	86.5%	97.5%
IV Rank	74.1%	43.9%	86.8%	46.5%	81.4%
IV Percentile	87.0%	39.3%	99.6%	47.2%	95.2%
Term Structure	0.5%	-7.3%	8.2%	2.1%	-3.9%
VWIV	130.3%	93.4%	142.7%	96.8%	141.5%
Skew 25d	-5.0%	-14.1%	2.6%	-11.5%	-0.5%
Skew 10d	-6.7%	-37.1%	3.8%	-12.7%	0.8%
Call IV 25d	131.5%	107.3%	148.0%	110.4%	132.4%
Put IV 25d	126.5%	96.6%	142.0%	98.8%	131.9%
Bid-Ask Spread %	36.10	23.13	49.40	36.97	37.30
Gamma HHI	0.06	0.04	0.12	0.08	0.09
Net GEX	12.2M	553.2K	24.2M	11.2M	8.6M
Net DEX	-5.40B	-7.40B	-3.43B	-4.16B	-5.22B
Net VEX	-12.7M	-14.1M	-10.6M	-11.1M	-13.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.44	0.26	0.68	0.63	0.61
Total Volume	288,730.565	111,505	556,317	111,505	192,719
Total OI	2,457,944.304	2,298,993	2,704,021	2,364,572	2,466,362

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-10-01	$46.97	$40.00	101.0%	27.1%	107.0%	46.5%	96.8%	-11.5%	2.1%	11.2M	-4.16B	-11.1M	0.63	36.97	68,588	42,917	1,263,562	1,101,010
2025-10-02	$47.16	$40.00	98.5%	26.5%	100.2%	43.9%	93.4%	-10.7%	4.2%	12.4M	-4.20B	-11.1M	0.34	30.75	119,258	41,141	1,270,862	1,106,467
2025-10-03	$50.95	$40.00	109.5%	27.8%	101.2%	55.5%	100.1%	-4.0%	1.5%	13.1M	-4.99B	-11.0M	0.42	34.95	297,244	125,771	1,285,117	1,112,453
2025-10-06	$57.81	$32.00	114.2%	36.4%	105.7%	60.4%	127.4%	-14.1%	1.2%	11.8M	-5.88B	-10.6M	0.68	40.77	258,885	175,577	1,235,887	1,067,830
2025-10-07	$62.16	$32.00	128.4%	39.1%	100.7%	75.5%	137.7%	-6.8%	1.0%	12.9M	-6.52B	-11.3M	0.38	36.92	355,930	133,819	1,288,891	1,098,723
2025-10-08	$61.24	$32.00	126.9%	37.8%	99.9%	73.8%	133.3%	-13.4%	-4.7%	13.2M	-6.21B	-11.7M	0.45	39.02	253,099	114,081	1,308,711	1,124,114
2025-10-09	$64.14	$32.00	123.0%	35.1%	99.6%	69.7%	121.7%	-8.4%	0.9%	18.5M	-6.99B	-12.2M	0.44	40.42	301,119	133,340	1,375,368	1,165,963
2025-10-10	$59.78	$40.00	130.3%	37.4%	106.1%	77.4%	131.7%	-5.7%	-0.3%	9.3M	-5.82B	-12.7M	0.52	49.40	365,804	190,513	1,374,218	1,223,999
2025-10-13	$64.31	$40.00	125.8%	37.7%	105.3%	72.7%	131.4%	-10.5%	8.2%	13.5M	-6.53B	-12.6M	0.28	40.12	222,797	61,906	1,320,118	1,157,318
2025-10-14	$69.47	$40.00	132.7%	37.7%	105.4%	80.0%	133.9%	-12.9%	1.9%	16.5M	-7.40B	-12.8M	0.47	46.57	298,184	141,532	1,350,266	1,169,096
2025-10-15	$68.22	$45.00	135.6%	39.6%	106.4%	83.0%	139.6%	-0.1%	-3.0%	16.0M	-7.16B	-13.2M	0.38	39.62	203,655	77,235	1,393,694	1,195,709
2025-10-16	$61.89	$50.00	139.1%	40.3%	111.6%	86.8%	140.9%	-1.9%	7.9%	11.2M	-5.82B	-13.4M	0.31	47.91	231,098	71,723	1,427,782	1,231,008
2025-10-17	$60.67	$50.00	131.2%	38.2%	110.8%	78.4%	133.9%	-2.1%	0.9%	17.9M	-5.58B	-13.5M	0.62	45.48	203,702	125,964	1,471,008	1,233,013
2025-10-20	$58.78	$50.00	130.8%	37.4%	111.3%	77.9%	132.7%	1.6%	1.2%	7.0M	-4.55B	-13.4M	0.38	27.74	143,183	53,730	1,248,061	1,050,932
2025-10-21	$54.50	$50.00	132.1%	38.1%	116.0%	79.3%	132.3%	-3.9%	2.9%	1.4M	-3.80B	-13.0M	0.27	28.29	208,597	55,396	1,292,171	1,076,945
2025-10-22	$52.08	$50.00	132.9%	38.1%	109.5%	80.2%	137.2%	-2.5%	2.7%	553.2K	-3.43B	-13.0M	0.36	39.35	194,968	69,854	1,332,218	1,088,815
2025-10-23	$55.73	$51.00	135.3%	38.9%	111.2%	82.7%	134.8%	-5.6%	-7.3%	5.4M	-4.14B	-13.5M	0.39	32.40	196,953	75,830	1,362,034	1,102,806
2025-10-24	$61.84	$55.00	134.5%	39.3%	105.8%	81.9%	136.4%	-0.3%	-6.8%	24.2M	-5.32B	-14.1M	0.26	23.13	204,846	54,239	1,412,058	1,123,016
2025-10-27	$64.63	$55.00	133.6%	39.5%	101.4%	80.9%	139.0%	-6.1%	-2.4%	16.5M	-5.66B	-13.9M	0.58	24.06	135,999	78,582	1,302,151	1,054,666
2025-10-28	$62.48	$55.00	129.8%	38.0%	102.8%	76.9%	138.9%	0.9%	5.0%	17.1M	-5.35B	-13.7M	0.38	28.30	82,151	31,219	1,345,817	1,056,762
2025-10-29	$60.35	$55.00	134.5%	40.7%	103.9%	81.9%	142.7%	1.8%	-4.0%	13.7M	-4.93B	-13.8M	0.45	33.68	81,093	36,316	1,353,857	1,069,117
2025-10-30	$58.24	$55.00	131.2%	40.5%	105.3%	78.4%	140.0%	2.6%	3.2%	8.4M	-4.55B	-13.4M	0.52	27.03	85,676	44,570	1,365,104	1,077,640
2025-10-31	$61.78	$56.00	134.0%	40.5%	103.9%	81.4%	141.5%	-0.5%	-3.9%	8.6M	-5.22B	-13.6M	0.61	37.30	119,341	73,378	1,379,855	1,086,507