IREN Options History — February 2026

In February 2026, IREN traded between $39.59 and $53.91. ATM implied volatility averaged 113.8%, placing in the 64.7% IV rank vs the trailing year. The 30-day expected move averaged 33.1%. IV traded below realized volatility by 6.6% (HV 20d: 120.4%). Max pain ranged from $30.00 to $44.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.66.

Notable Days

2026-02-06: Highest Volume — 572,653 contracts
2026-02-06: Largest IV drop — 20.1% change
2026-02-05: Highest IV Rank — 100.0%
2026-02-04: Largest Expected Move — 44.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.79	$39.59	$53.91	$52.74	$40.50
Max Pain	$32.21	$30.00	$44.00	$44.00	$30.00
ATM IV	113.8%	103.7%	146.4%	125.2%	104.4%
Expected Move	33.1%	29.3%	44.0%	37.2%	30.4%
HV 20d	120.4%	97.1%	130.6%	105.5%	113.3%
HV 60d	108.0%	103.4%	112.3%	106.0%	107.6%
IV Rank	64.7%	52.2%	100.0%	83.1%	53.0%
IV Percentile	71.7%	53.6%	100.0%	90.1%	56.0%
Term Structure	-2.1%	-25.0%	7.4%	-9.4%	-2.0%
VWIV	117.8%	106.0%	158.8%	137.3%	107.3%
Skew 25d	8.9%	5.8%	14.1%	10.6%	10.2%
Skew 10d	23.0%	7.9%	50.9%	10.4%	25.8%
Call IV 25d	110.8%	100.2%	142.4%	114.3%	100.2%
Put IV 25d	119.7%	106.0%	149.9%	124.9%	110.4%
Bid-Ask Spread %	20.73	10.76	34.23	23.12	11.22
Gamma HHI	0.04	0.03	0.06	0.05	0.05
Net GEX	7.3M	-2.8M	21.5M	12.9M	758.7K
Net DEX	-1.64B	-3.00B	-978.5M	-2.80B	-1.16B
Net VEX	-11.9M	-14.9M	-10.5M	-14.6M	-10.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.66	0.36	1.03	0.40	0.92
Total Volume	249,764	115,369	572,653	264,092	370,144
Total OI	2,068,765.684	1,766,133	2,334,347	2,073,248	2,003,163

Daily Data (19 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
2026-02-02	$52.74	$44.00	125.2%	37.2%	105.5%	83.1%	137.3%	10.6%	-9.4%	12.9M	-2.80B	-14.6M	0.40	23.12	188,644	75,448	1,162,745	910,503
2026-02-03	$53.91	$44.00	128.5%	38.9%	97.1%	87.1%	139.5%	14.1%	-2.6%	15.7M	-3.00B	-14.9M	0.78	18.35	89,128	69,146	1,216,188	940,341
2026-02-04	$45.34	$44.00	135.6%	44.0%	114.8%	95.7%	158.8%	5.9%	-7.2%	3.8M	-1.76B	-13.5M	0.59	19.12	306,162	180,512	1,233,442	963,606
2026-02-05	$39.59	$30.00	146.4%	38.3%	123.7%	100.0%	134.3%	7.5%	-25.0%	320.0K	-978.5M	-11.9M	0.86	22.52	276,020	237,517	1,284,813	973,105
2026-02-06	$41.81	$30.00	117.0%	33.4%	124.7%	67.2%	117.1%	8.1%	-5.3%	-556.4K	-1.21B	-11.9M	0.83	19.86	312,113	260,540	1,340,162	994,185
2026-02-09	$46.57	$30.00	111.9%	32.0%	130.6%	61.4%	112.0%	5.8%	-0.5%	11.5M	-2.04B	-12.6M	0.41	28.14	194,737	80,813	1,155,217	868,463
2026-02-10	$43.54	$30.00	108.7%	31.5%	128.3%	57.8%	111.7%	6.2%	1.1%	8.3M	-1.61B	-12.0M	0.59	18.53	76,342	45,133	1,214,544	887,959
2026-02-11	$42.47	$30.00	110.9%	32.5%	127.6%	60.3%	113.7%	8.8%	2.9%	4.5M	-1.42B	-11.8M	0.67	19.40	88,069	58,610	1,233,095	897,899
2026-02-12	$40.13	$30.00	113.8%	33.0%	128.6%	63.5%	115.5%	8.3%	4.8%	-2.8M	-1.09B	-11.2M	0.63	30.45	112,274	71,053	1,237,285	913,974
2026-02-13	$42.09	$30.00	110.2%	32.0%	130.2%	59.5%	118.9%	7.8%	4.0%	814.7K	-1.42B	-11.4M	0.98	18.20	133,591	130,464	1,248,084	920,371
2026-02-17	$41.48	$30.00	111.1%	31.8%	123.5%	60.6%	111.2%	8.5%	-1.2%	4.1M	-1.36B	-10.9M	0.44	21.37	117,092	51,623	1,131,744	860,640
2026-02-18	$42.16	$30.00	106.4%	30.5%	122.5%	55.3%	109.2%	10.6%	7.4%	7.5M	-1.43B	-10.9M	0.59	34.23	87,021	51,333	1,175,822	866,144
2026-02-19	$43.09	$30.00	105.2%	30.3%	123.1%	53.9%	106.0%	10.4%	-1.1%	11.4M	-1.60B	-11.2M	0.58	20.39	73,237	42,132	1,194,044	880,025
2026-02-20	$40.58	$30.00	104.3%	29.9%	124.3%	52.9%	107.2%	9.9%	-1.9%	-2.2M	-1.24B	-10.5M	1.03	19.28	158,610	164,141	1,207,147	883,858
2026-02-23	$42.20	$30.00	105.8%	31.2%	121.5%	54.6%	109.5%	11.4%	-0.8%	6.4M	-1.43B	-10.9M	0.36	10.76	133,948	48,380	1,004,234	761,899
2026-02-24	$45.41	$30.00	107.6%	31.1%	123.4%	56.6%	111.6%	10.1%	-0.9%	17.3M	-1.98B	-11.7M	0.44	20.81	131,661	57,947	1,073,757	780,313
2026-02-25	$44.04	$30.00	104.8%	31.4%	113.2%	53.5%	110.3%	8.2%	2.1%	17.3M	-1.83B	-11.5M	0.57	16.96	97,360	55,029	1,115,082	801,628
2026-02-26	$44.31	$30.00	103.7%	29.3%	111.0%	52.2%	107.4%	5.8%	-4.2%	21.5M	-1.81B	-11.4M	0.88	21.09	63,700	55,842	1,145,252	825,815
2026-02-27	$40.50	$30.00	104.4%	30.4%	113.3%	53.0%	107.3%	10.2%	-2.0%	758.7K	-1.16B	-10.7M	0.92	11.22	192,460	177,684	1,154,778	848,385