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IREN

IREN LIMITEDClose $59.77EOD only

Max Pain

$50.00

Next expiry Jun 18, 2026

Expected Move

±$6.33

10.6% from close

Price Gap

-9.77

Distance to max pain

IV Rank

High premium

P/C OI

0.92

Balanced positioning

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 12, 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 12, 2026 close

IREN Flow Report

Analysis based on market close June 12, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 6.7% from MP; +1 VIX 18

Watch next session: Monitor 60 strike for pinning; Watch put activity at 57 and 61

Flow Summary

Net premium: +$45.3M bullish

P/C volume ratio: 0.85

P/C OI ratio: 0.92

Heavy call volume at $60 near-term, with large put blocks at $57-61. Positive net premium and GEX pinning support bullish bias despite 6.7% above MP.

Notable Prints

IREN 2026-06-26 $61.00 Put

Vol: 4,367

OI: 259

Vol/OI: 16.9x

IV: 98.7%

Notional: ~$2.4M

Intent: Bearish speculation or hedge

Dual read: Opening new bearish positions

Read-through: Expects decline by 6/26

IREN 2026-06-26 $57.00 Put

Vol: 4,207

OI: 250

Vol/OI: 16.8x

IV: 99.3%

Notional: ~$1.5M

Intent: Bearish speculation

Dual read: Similar to above, possibly spread

Read-through: Further downside expectation

IREN 2026-06-18 $73.00 Call

Vol: 3,069

OI: 190

Vol/OI: 16.1x

IV: 99.3%

Notional: ~$101K

Intent: Lottery call

Dual read: Covered call writing?

Read-through: Speculative upside bet

IREN 2026-06-12 $59.00 Put

Vol: 4,571

OI: 881

Vol/OI: 5.2x

IV: 19.5%

Notional: ~$18K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

IREN 2026-06-18 $62.00 Call

Vol: 10,344

OI: 2,086

Vol/OI: 5.0x

IV: 96.0%

Notional: ~$2.3M

Intent: Bullish call buying

Dual read: Possibly closing, but volume high

Read-through: Institutional bullish sentiment

Institutional Positioning

Call additions: Notable call buying at $62 and $73 (6/18) and $31 (9/18) reflects bullish positioning.

Put additions: Heavy put accumulation at $61 and $57 (6/26) and $54 (6/18) suggests hedging below $60.

GEX/DEX consistency: Positive gamma ($83.7M) and delta (+67.7M shares) align with bullish flow.

OI clusters: Max OI at $60 strike acts as gamma magnet; $62 call and $54 put also notable.

Hedging evidence: Long-dated $31 call indicates long bias; short-dated puts hedge spot.

Max pain context: Spot above max pain; gamma pinning near $60; short-dated puts below spot could pressure.

Signal vs Noise

~Large vol/oi at $61 Put (16.9x), $57 Put (16.8x), $73 Call (16.1x) are strong new positions.

~Moderate vol/oi at $62 Call (5.0x) and $54 Put (4.8x) are notable but less extreme.

~Short-dated $60 Call (3.2x) and $58 Put (2.9x) are likely noise.

Key Conclusions

🚀Bullish: Call accumulation at $62 and long-dated $31 call signals upside conviction.

🛑Bearish: Put additions at $61 and $57 indicate downside hedging, capping upside.

⚠️Warning: High IV (95-134%) and short-dated put activity suggest elevated risk.

How to Use These Reports

This flow reflects the market close on June 12, 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.