IREN Options History — January 2026

In January 2026, IREN traded between $42.53 and $62.47. ATM implied volatility averaged 107.1%, placing in the 61.1% IV rank vs the trailing year. The 30-day expected move averaged 31.1%. IV traded above realized volatility by 6.7% (HV 20d: 100.4%). Max pain ranged from $20.00 to $44.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.56.

Notable Days

2026-01-23: Highest Volume — 495,690 contracts
2026-01-06: Largest IV spike — 9.6% change
2026-01-30: Highest IV Rank — 80.9%
2026-01-30: Largest Expected Move — 36.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$52.10	$42.53	$62.47	$42.53	$53.83
Max Pain	$39.55	$20.00	$44.00	$20.00	$44.00
ATM IV	107.1%	92.8%	123.5%	94.3%	123.5%
Expected Move	31.1%	27.0%	36.8%	27.0%	36.8%
HV 20d	100.4%	89.7%	112.2%	97.8%	112.2%
HV 60d	104.4%	101.5%	106.4%	102.8%	106.0%
IV Rank	61.1%	43.6%	80.9%	45.4%	80.9%
IV Percentile	64.1%	24.2%	88.9%	29.8%	88.9%
Term Structure	-0.0%	-4.7%	8.7%	0.2%	-1.1%
VWIV	110.9%	94.5%	132.0%	94.5%	132.0%
Skew 25d	4.0%	-5.1%	9.7%	4.2%	-0.1%
Skew 10d	18.6%	6.5%	58.7%	16.8%	22.6%
Call IV 25d	108.0%	92.4%	129.3%	92.4%	129.3%
Put IV 25d	112.0%	94.4%	129.2%	96.6%	129.2%
Bid-Ask Spread %	25.27	7.70	35.52	7.70	16.90
Gamma HHI	0.07	0.04	0.09	0.08	0.07
Net GEX	22.3M	11.9M	34.0M	19.7M	16.7M
Net DEX	-3.41B	-5.10B	-2.53B	-2.53B	-2.85B
Net VEX	-13.4M	-15.3M	-11.2M	-11.2M	-14.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.37	0.84	0.71	0.80
Total Volume	288,151.05	128,068	495,690	230,167	385,610
Total OI	2,226,681.1	1,808,623	2,530,716	2,315,264	2,256,232

Daily Data (20 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
2026-01-02	$42.53	$20.00	94.3%	27.0%	97.8%	45.4%	94.5%	4.2%	0.2%	19.7M	-2.53B	-11.2M	0.71	7.70	134,429	95,738	1,286,331	1,028,933
2026-01-05	$48.06	$36.00	92.8%	29.6%	105.3%	43.6%	103.6%	-5.1%	8.7%	17.3M	-3.30B	-11.9M	0.55	32.30	243,450	132,835	1,236,578	988,568
2026-01-06	$45.80	$37.00	101.7%	30.0%	106.1%	54.5%	107.0%	5.5%	-3.7%	19.5M	-3.00B	-12.0M	0.45	30.20	132,118	59,258	1,308,567	1,012,732
2026-01-07	$43.81	$38.00	99.2%	29.9%	106.8%	51.4%	104.1%	7.0%	0.8%	14.6M	-2.66B	-11.7M	0.47	28.47	86,846	41,222	1,336,063	1,033,506
2026-01-08	$45.36	$38.00	103.2%	30.2%	107.4%	56.3%	105.2%	2.9%	6.1%	20.2M	-2.96B	-12.3M	0.49	28.12	152,906	74,218	1,354,346	1,052,350
2026-01-09	$46.44	$39.00	98.9%	29.1%	105.8%	51.1%	102.7%	1.5%	-4.7%	23.0M	-3.08B	-12.1M	0.41	35.52	234,852	96,145	1,360,772	1,077,665
2026-01-12	$50.75	$40.00	104.1%	29.6%	109.9%	57.3%	105.0%	0.9%	-2.4%	21.3M	-3.71B	-12.9M	0.44	23.71	247,461	108,154	1,301,845	1,016,246
2026-01-13	$52.36	$40.00	106.6%	30.3%	105.5%	60.4%	106.7%	5.7%	-0.9%	27.9M	-3.99B	-13.3M	0.45	29.49	119,936	53,911	1,348,898	1,056,431
2026-01-14	$52.26	$40.00	106.1%	30.1%	91.3%	59.8%	106.3%	1.4%	-2.5%	29.4M	-4.00B	-13.4M	0.58	27.63	108,883	63,235	1,367,802	1,071,712
2026-01-15	$52.59	$40.00	105.8%	29.8%	91.4%	59.4%	105.4%	5.7%	-2.8%	31.6M	-4.05B	-13.4M	0.84	34.76	123,738	103,889	1,378,117	1,093,460
2026-01-16	$58.08	$40.00	106.9%	30.0%	89.9%	60.8%	107.8%	6.3%	-2.1%	28.6M	-5.10B	-14.0M	0.43	27.69	307,213	132,660	1,390,284	1,140,432
2026-01-20	$54.27	$41.00	107.9%	30.8%	95.0%	62.1%	111.3%	6.4%	-1.3%	17.8M	-2.95B	-13.5M	0.59	23.15	179,728	106,211	1,026,563	782,060
2026-01-21	$53.43	$42.00	110.5%	31.7%	89.7%	65.1%	112.2%	9.7%	-0.9%	16.8M	-2.87B	-13.7M	0.37	27.85	262,172	95,922	1,087,272	821,967
2026-01-22	$52.25	$42.00	109.1%	31.0%	90.2%	63.5%	111.0%	4.4%	5.1%	12.8M	-2.71B	-13.8M	0.83	28.64	125,285	103,430	1,125,950	859,447
2026-01-23	$56.38	$42.00	111.3%	31.9%	93.1%	66.1%	115.6%	5.0%	0.3%	27.7M	-3.45B	-14.4M	0.63	18.85	304,896	190,794	1,142,979	920,535
2026-01-26	$52.54	$42.00	114.3%	32.7%	97.7%	69.8%	116.7%	-0.2%	-3.9%	11.9M	-2.71B	-14.0M	0.58	19.43	147,324	86,108	1,097,603	854,896
2026-01-27	$59.55	$42.00	114.9%	33.3%	104.3%	70.5%	121.5%	5.6%	-0.3%	26.9M	-3.93B	-15.2M	0.37	20.77	221,182	81,369	1,148,271	893,431
2026-01-28	$62.47	$44.00	112.1%	33.4%	103.0%	67.1%	120.9%	7.7%	3.9%	34.0M	-4.44B	-15.3M	0.52	21.67	195,297	101,856	1,180,620	927,303
2026-01-29	$59.20	$44.00	119.5%	34.9%	105.3%	76.1%	128.9%	5.3%	1.3%	28.8M	-3.86B	-15.3M	0.74	22.49	185,292	137,448	1,215,815	951,040
2026-01-30	$53.83	$44.00	123.5%	36.8%	112.2%	80.9%	132.0%	-0.1%	-1.1%	16.7M	-2.85B	-14.7M	0.80	16.90	213,950	171,660	1,249,308	1,006,924