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IREN

IREN LIMITEDClose $50.30EOD only
Max Pain
$58.00
Next expiry Jun 26, 2026
Expected Move
±$4.09
8.1% from close
Price Gap
+7.70
Distance to max pain
IV Rank
26
Middle-high premium
P/C OI
0.93
Balanced positioning
Consensus
7.0/10
Bearish tilt
Published snapshot: Jun 24, 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 24, 2026 close
IREN Earnings Report
Analysis based on market close June 25, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Earnings Verdict

IREN earnings 63 days out; high IV (80-115%), bearish flow dominates with heavy put buying. Spot 16% below max pain, GEX/flow aligned bearish.

Confidence:
6.5 / 10
base 5; +2 GEX/flow strongly aligned; -1 spot 16.2% from MP; +0.5 VIX 19
Most important: Sustained put accumulation signals persistent downside bias; watch for support break below $45.
⬇️Put/call volume ratio 2.13 indicates strong bearish bias.
⚠️IV at 80-115% is elevated; option premiums expensive.
🛡️Gamma flip near $42 could accelerate downside if breached.

Regime Classification

Vol Regime
High
Gamma Regime
Trending
Flow Regime
Bearish
Spot vs MP
Below
Gamma flip: ~$42.00 — Approx — based on put OI concentration of 40,470 (12.0% below spot)

Earnings Overview

Next earnings: 2026-08-27 (63 days)explicit

Expected moves:

  • 2026-06-26 (1d): ±$2.39 (5.0%)
  • 2026-07-02 (7d): ±$5.55 (11.6%)
  • 2026-07-10 (15d): ±$7.88 (16.5%)

IV Setup

Term structure: Upward sloping; near-term IV ~80%, mid-term ~110%

Crush estimate: Moderate crush expected post-earnings; longer-dated IV may remain elevated.

Skew: Negative skew; puts priced at premium, driven by aggressive downside hedging.

Historical Context

Beat rate: 40% (2/5 quarters)

Avg move vs expected: Not available

Directional bias: Bearish flow and low beat rate (40%) tilt bearish.

Key Levels

1$42.00 gamma flip
2EM guardrails: 2d $45.35/$50.14; 1w $42.19/$53.29
3Max pain pins: $57 (2026-06-26); $54 (2026-07-02); $57 (2026-07-10)

Flow Highlights

Heavy put buying in Jul $41 and Aug $34 strikes; net premium -$39M.

Indicates strong bearish sentiment or hedging demand; dealers may need to delta hedge downside.

Strategies

Long Put
Buy 2026-09-18 $45.00 put
Debit: $7.45-$9.10
Max loss: $9.10
Max gain: $35.90
BE: $35.90
Trigger: Set stop loss at $50 invalidation; consider rolling on IV spike.
Heavy put accumulation and bearish flow make long put the top play.
Outperforms: Buy 2026-09-18 $45 put to capture downside with defined risk.
Underperforms: Break above resistance weakens downside thesis.

Risk Assessment

!High IV elevates premium cost for options; risk of sharp moves against bullish positions.
!Bearish flow and short gamma near $42 could amplify downside.

What to Watch

?Put OI build at $41 and $34 for signs of positioning unwinding.
?Spot price action relative to max pain $57 and support $45.
?Any catalyst shifting flow to neutral/bullish.
How to Use These Reports
This earnings reflects the market close on June 25, 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.