IREN Options History — March 2026

In March 2026, IREN traded between $31.61 and $44.89. ATM implied volatility averaged 100.0%, placing in the 48.1% IV rank vs the trailing year. The 30-day expected move averaged 28.7%. IV traded above realized volatility by 1.8% (HV 20d: 98.2%). Max pain ranged from $30.00 to $45.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.64.

Notable Days

  • 2026-03-13: Highest Volume — 330,861 contracts
  • 2026-03-03: Largest IV spike — 13.0% change
  • 2026-03-06: Highest IV Rank — 65.1%
  • 2026-03-06: Largest Expected Move — 32.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.93$31.61$44.89$41.42$33.96
Max Pain$39.09$30.00$45.00$30.00$40.00
ATM IV100.0%91.9%115.2%95.7%98.5%
Expected Move28.7%21.6%32.7%30.2%28.2%
HV 20d98.2%89.4%119.6%110.5%103.2%
HV 60d106.2%103.2%109.9%104.3%106.3%
IV Rank48.1%39.1%65.1%43.3%46.4%
IV Percentile42.9%18.7%78.6%31.3%37.3%
Term Structure1.0%-11.5%12.7%12.7%-0.1%
VWIV102.3%93.2%116.2%110.6%99.6%
Skew 25d11.0%4.7%21.9%4.8%14.3%
Skew 10d23.8%14.4%34.6%20.1%34.6%
Call IV 25d95.8%87.9%113.9%101.8%93.0%
Put IV 25d106.8%97.8%119.9%106.6%107.3%
Bid-Ask Spread %14.357.8821.9817.7014.01
Gamma HHI0.050.040.100.040.04
Net GEX7.3M-7.9M21.7M5.7M-793.0K
Net DEX-1.14B-1.93B9.3M-1.37B-232.6M
Net VEX-10.3M-11.5M-8.1M-10.8M-8.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.361.090.460.48
Total Volume205,459.091105,301330,861201,288161,785
Total OI1,907,9811,489,1712,154,7411,870,0461,669,852

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$41.42$30.0095.7%30.2%110.5%43.3%110.6%4.8%12.7%5.7M-1.37B-10.8M0.4617.70137,77163,5171,052,726817,320
2026-03-03$39.38$30.00108.1%31.8%111.3%57.2%116.2%12.0%-2.0%4.7M-1.15B-10.6M0.6017.9785,46151,1681,121,574849,961
2026-03-04$44.08$30.00104.4%31.0%119.6%53.0%109.1%9.1%1.9%18.9M-1.88B-11.5M0.4318.96151,88265,0611,139,453865,434
2026-03-05$40.21$45.00104.5%30.1%107.8%53.1%104.7%4.7%-11.5%7.8M-1.28B-10.7M0.577.88145,44482,7051,185,057878,254
2026-03-06$37.41$45.00115.2%32.7%99.7%65.1%115.1%6.1%-0.5%-7.9M-848.3M-10.1M0.9721.98165,183160,7861,205,886899,575
2026-03-09$38.86$40.00106.7%30.2%98.7%55.7%106.6%21.9%-2.7%3.8M-1.12B-10.3M0.6319.23126,73579,7311,112,111845,980
2026-03-10$38.29$40.00103.9%30.4%89.4%52.5%102.5%14.5%-2.0%4.8M-1.09B-10.3M0.7013.8270,67549,4641,168,224875,853
2026-03-11$41.84$40.00100.2%28.7%93.2%48.3%101.8%14.4%1.0%19.9M-1.63B-10.9M0.4212.37167,00770,6701,194,041897,655
2026-03-12$41.16$40.00100.8%31.7%93.0%49.0%99.7%14.7%-0.2%21.5M-1.55B-10.7M0.8712.1670,26561,1751,211,357917,472
2026-03-13$41.36$40.0099.0%21.6%90.7%47.0%104.3%10.1%-0.8%21.7M-1.54B-10.8M0.7419.81190,238140,6231,223,938930,803
2026-03-16$44.89$40.0096.7%27.8%93.7%44.4%98.5%11.3%-0.0%15.7M-1.93B-11.3M0.4714.32145,48567,8841,113,893846,357
2026-03-17$42.65$40.0093.3%26.8%95.6%40.7%95.8%10.8%2.3%13.7M-1.63B-10.8M0.8311.5157,54747,7541,175,176862,695
2026-03-18$42.33$40.0095.7%27.5%95.4%43.3%96.7%9.9%-3.0%12.4M-1.58B-10.7M0.4811.5679,56438,2201,190,353875,607
2026-03-19$41.84$40.0091.9%26.2%95.2%39.1%93.2%10.0%1.7%9.1M-1.44B-10.5M0.6314.50128,41781,0391,199,515889,061
2026-03-20$39.99$40.0098.5%28.6%94.1%46.5%99.4%9.8%1.5%-692.7K-1.17B-10.2M1.0915.70118,697129,6261,222,600915,361
2026-03-23$42.14$40.0094.3%27.0%95.0%41.7%94.0%8.4%-1.4%8.6M-1.04B-10.5M0.369.23174,46162,340838,246650,925
2026-03-24$41.14$40.0095.7%27.5%91.2%43.3%102.5%10.2%2.0%9.4M-957.1M-10.4M0.7212.3362,60945,314906,664672,662
2026-03-25$41.45$40.0094.4%26.5%90.8%41.9%94.8%10.3%2.9%9.9M-976.6M-10.5M0.4813.8773,42535,360922,298693,740
2026-03-26$37.47$40.0097.8%28.1%97.1%45.6%97.9%8.2%8.2%-4.5M-485.2M-9.6M0.6713.08147,54099,374941,030706,400
2026-03-27$34.97$40.0099.7%29.6%95.0%47.8%98.8%15.3%11.0%-7.6M-167.6M-9.0M0.7810.26175,308137,338977,637741,730
2026-03-30$31.61$40.00105.3%30.0%99.9%54.1%108.7%11.2%0.5%-4.4M9.3M-8.1M0.6613.47190,215125,237881,369689,737
2026-03-31$33.96$40.0098.5%28.2%103.2%46.4%99.6%14.3%-0.1%-793.0K-232.6M-8.7M0.4814.01109,00952,776933,206736,646