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IREN

IREN LIMITEDClose $56.87EOD only

Max Pain

$60.00

Next expiry Jun 26, 2026

Expected Move

±$5.67

10.0% from close

Price Gap

+3.13

Distance to max pain

IV Rank

Low premium

P/C OI

0.91

Balanced positioning

Consensus

7.0/10

Bullish tilt

Published snapshot: Jun 22, 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 22, 2026 close

IREN Flow Report

Analysis based on market close June 23, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 8.8% from MP; +0.5 VIX 19

Watch next session: IREN $40.00; IREN $42.00

Flow Summary

Net premium: +$11.9M bullish

P/C volume ratio: 0.97

P/C OI ratio: 0.90

Massive put purchase on $42 strike signals bearish bet. Put volume exceeded 50k contracts, meeting confirmation threshold. Market selloff (QQQ -3.3%) and elevated VIX support downside. GEX positive but spot below MP, consistent with bearish outlook.

Notable Prints

IREN 2026-07-02 $42.00 Put

Vol: 50,000

OI: 571

Vol/OI: 87.6x

IV: 132.2%

Notional: ~$2.8M

Intent: Bearish bet

Read-through: Large OTM put buy anticipates drop

IREN 2026-06-26 $57.00 Call

Vol: 4,855

OI: 529

Vol/OI: 9.2x

IV: 103.8%

Notional: ~$641K

Intent: Bullish speculation

Read-through: High vol near expiry suggests directional bet

IREN 2026-07-10 $57.00 Put

Vol: 1,049

OI: 137

Vol/OI: 7.7x

IV: 97.7%

Notional: ~$636K

Intent: Hedging

Dual read: Could be profit-taking if OI

Read-through: ITM put activity vs high vol

IREN 2026-06-26 $56.00 Call

Vol: 2,256

OI: 419

Vol/OI: 5.4x

IV: 103.2%

Notional: ~$417K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

IREN 2026-10-16 $110.00 Call

Vol: 1,926

OI: 392

Vol/OI: 4.9x

IV: 107.8%

Notional: ~$576K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Near-term $54-57 C and long-dated $110 C

Put additions: Heavy $42 P (7/2) and smaller $51, $57 P

GEX/DEX consistency: Yes: positive GEX and DEX, pinning

OI clusters: $42 P (40k+ OI), $67 C (2.2k OI)

Hedging evidence: $42 P bulk buy suggests downside collar

Max pain context: Spot below MP, gamma pin near $40

Signal vs Noise

~50k vol on $42 P (7/2): real hedging signal

~Massive near-term call buying: directional bullish

~Long-dated $110 C: noise, speculative OTM

~VIX 19 with high vol: elevated uncertainty

Key Conclusions

🛡️Institutions hedge below $40 via massive $42 put

🐂Short-term call accumulation at $54-57 signals bullish bias

⚠️Spot below MP with high vol; pin risk near $40

How to Use These Reports

This flow reflects the market close on June 23, 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.