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IREN

IREN LIMITEDClose $59.96EOD only
Max Pain
$61.00
Next expiry Jun 26, 2026
Expected Move
±$7.00
11.7% from close
Price Gap
+1.04
Distance to max pain
IV Rank
100
High premium
P/C OI
0.96
Balanced positioning
Consensus
7.0/10
Bullish tilt
Published snapshot: Jun 18, 2026 close
End-of-day snapshot

This page reflects IREN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
Jun 18, 2026 close
IREN Earnings Report
Analysis based on market close June 18, 2026
DirectionalTheta GangFlowEarningsConsensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Earnings Verdict

IREN 70D to earnings, high IV, heavy unusual prints near $30 put and $63 call.

Confidence:
8 / 10
base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 11.0% from MP; +1 VIX 16
Most important: Massive $30 put vol (28k) vs OI 2.5k suggests large bearish hedge or speculative position.
⚠️High IV and long duration to earnings; premium decay.
🐻Massive $30 put buying flags bearish conviction.
📊Historical beat rate only 40%; low reliability.

Regime Classification

Vol Regime
High
Gamma Regime
Pinning
Flow Regime
Mixed
Spot vs MP
Above
Gamma flip: ~$45.00 — Approx — based on put OI concentration of 24,349 (24.9% below spot)

Earnings Overview

Next earnings: 2026-08-27 (70 days)explicit

Expected moves:

  • 2026-06-26 (8d): ±$7.00 (11.7%)
  • 2026-07-02 (14d): ±$9.35 (15.6%)
  • 2026-07-10 (22d): ±$11.78 (19.6%)

IV Setup

Term structure: Contango; earnings premium built into back month IVs.

Crush estimate: Post-earnings IV crush likely 50-70% of implied move.

Skew: Put skew steep; $30 put IV 213% vs ATM ~90%.

Historical Context

Beat rate: 40% (2/5 quarters)

Avg move vs expected: Data limited; last 5 earnings moves not provided.

Directional bias: Mixed history; no clear directional bias.

Key Levels

1$45.00 gamma flip
2EM guardrails: 1w $52.96/$66.96
3Max pain pins: $54 (2026-06-18); $61 (2026-06-26); $57 (2026-07-02)

Flow Highlights

Unusual $30 put volume 28,460 vs OI 2,462; ratio 11.6.

Large bearish bet or downside hedging; deep OTM.

$63 call unusual volume 8,577 vs OI 531 for 6/26 expiry.

Bullish speculation near current levels; bullish sentiment.

Call OI wall at $65-$70; put floor at $30-$45.

Resistance zone and support zone delineated by options OI.

Strategies

Iron Condor
Sell 2026-06-26 $56.00/$52.00 put wing and $65.00/$70.00 call wing
Credit: $1.62-$1.97
Max loss: $3.03
Max gain: $1.97
BE: 54.03 / 66.97
Trigger: Close at 50% max gain or adjust if breaching short strikes.
High IV & contango favor premium sale; defined risk suits uncertain direction.
Outperforms: Sells OTM put & call wings to capture IV crush and time decay.
Underperforms: Move outside short strikes invalidates range thesis.
Bear Put Spread
Buy 2026-08-21 $55.00/$50.00 put spread
Debit: $2.00-$2.45
Max loss: $2.45
Max gain: $2.55
BE: $52.55
Trigger: Exit if stock rallies above invalidation ($65) or profit target reached.
Massive $30 put vol signals downside risk; spread defines risk & cost.
Outperforms: Buys OTM put spread to profit from bearish move with limited capital.
Underperforms: Trade above resistance weakens downside thesis.
Call Diagonal
Sell 2026-06-26 $65.00 call / buy 2026-07-10 $70.00 call
Debit: $0.74-$0.91
Max loss: $0.91
Max gain: Variable
BE: Path-dependent
Trigger: Roll short leg forward if tested; exit on trend reversal.
Front-month IV high, back-month cheaper; diagonal reduces theta & cost.
Outperforms: Sells short-term call, buys later-dated call to net short vega & theta.
Underperforms: Loss of support or adverse vol term shift weakens thesis.
Long straddle
Buy 2026-08-21 $60.00 put + buy $60.00 call
Debit: $18.86-$23.05
Max loss: $23.05
Max gain: Unlimited
BE: 36.95 / 83.05
High IV, unusual put volume suggests potential large move; straddle profits from volatility expansion regardless of direction.
Outperforms: Buy straddle to capture high IV and large implied move into earnings.
Underperforms: Under-realized move and IV crush hurt long-vol thesis.

Risk Assessment

!High IV premium; options expensive 70D out.
!Large OTM put volume may signal downside risk.
!Earnings 70 days away; gamma and time decay risks.

What to Watch

?BTC price correlation (IREN miner).
?Sustained $30 put activity or closing.
?IV changes and max pain movements.
How to Use These Reports
This earnings reflects the market close on June 18, 2026.
What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.