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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 Flow Report

Analysis based on market close June 18, 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 11.0% from MP; +1 VIX 16

Watch next session: Monitor 6/26 $63 call activity; Watch gamma flip at $45

Flow Summary

Net premium: +$50.6M bullish

P/C volume ratio: 0.85

P/C OI ratio: 0.96

Heavy call activity led by aggressive 6/26 $63 call and deep OTM put volumes, alongside large GEX, suggests bullish positioning with pinned gamma near $45. Net premium positive, DEX positive, and VIX moderate support upward bias despite mixed flow regime.

Notable Prints

IREN 2026-06-26 $63.00 Call

Vol: 8,577

OI: 531

Vol/OI: 16.1x

IV: 91.3%

Notional: ~$1.9M

Intent: Bullish speculation

Dual read: Short covering

Read-through: Catalyst anticipation

IREN 2026-06-26 $30.00 Put

Vol: 28,460

OI: 2,462

Vol/OI: 11.6x

IV: 213.3%

Notional: ~$313K

Intent: Tail risk hedge

Dual read: Speculative buy

Read-through: Extreme fear

IREN 2026-06-26 $49.50 Put

Vol: 571

OI: 105

Vol/OI: 5.4x

IV: 114.5%

Notional: ~$38K

Intent: Protective put

Dual read: Bearish bet

Read-through: Downside concern

IREN 2026-06-26 $55.00 Put

Vol: 8,617

OI: 1,855

Vol/OI: 4.7x

IV: 98.1%

Notional: ~$1.3M

Intent: Bearish positioning

Dual read: Vol selling

Read-through: Resistance at $55

IREN 2026-06-18 $63.00 Call

Vol: 15,405

OI: 3,781

Vol/OI: 4.1x

IV: 45.3%

Notional: ~$15K

Intent: Lottery ticket

Dual read: Closing shorts

Read-through: Extreme bullish

Institutional Positioning

Call additions: Upside calls at $63, $72, $69, $31 LEAP

Put additions: Deep OTM puts at $30, $55, $49.5, $36

GEX/DEX consistency: Both GEX ($90.8M) and DEX (+67.8M) positive – bullish alignment

OI clusters: Put OI concentration at $45 (gamma flip, 24,349); call OI at $63 (3,781)

Hedging evidence: High put volume at low strikes suggests hedging; LEAP call shows long-term confidence

Max pain context: Spot ~60, above MP ~11%; gamma pinning but flip at $45; likely drift toward MP

Signal vs Noise

~$30 put heavy vol but low OI and cheap – noise/speculative

~$63 calls high vol/OI – signal of bullish roll

~LEAP $31 call – signal of institutional long-term buy

~Net premium +$50.6M despite mixed ratio – signal of net bullish flow

Key Conclusions

🚀Upside call accumulation at $63 and above suggests bullish positioning

⚠️Deep OTM put buying may indicate downside hedging or tail risk

🎯Gamma flip at $45 provides key support; spot likely to pin near MP

How to Use These Reports

This flow 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.