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IREN

IREN LIMITEDClose $54.72EOD only

Max Pain

$60.00

Next expiry Jun 26, 2026

Expected Move

±$4.82

8.8% from close

Price Gap

+5.28

Distance to max pain

IV Rank

Low premium

P/C OI

0.90

Balanced positioning

Consensus

5.5/10

Bullish tilt

Published snapshot: Jun 23, 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 23, 2026 close

IREN Flow Report

Analysis based on market close June 24, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

6.5 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 13.3% from MP; +0.5 VIX 19

Watch next session: $40 gamma flip; $48 resistance

Flow Summary

Net premium: -$8.4M bearish

P/C volume ratio: 1.38

P/C OI ratio: 0.93

Heavy put buying and negative GEX suggest bearish pressure. Unusual $54 calls may hedge; net flow favors downside.

Notable Prints

IREN 2026-07-02 $54.00 Call

Vol: 4,510

OI: 100

Vol/OI: 45.1x

IV: 103.9%

Notional: ~$839K

Intent: Aggressive bullish bet on short-term rally

Dual read: Could be closing short calls

Read-through: Expect sharp upside by July 2

IREN 2026-06-26 $54.00 Call

Vol: 10,921

OI: 566

Vol/OI: 19.3x

IV: 105.0%

Notional: ~$699K

Intent: Heavy call buying pre-event

Dual read: May be hedging short position

Read-through: Very short-term bullish sentiment

IREN 2026-06-26 $50.00 Call

Vol: 4,211

OI: 453

Vol/OI: 9.3x

IV: 114.0%

Notional: ~$884K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

IREN 2026-07-10 $20.00 Put

Vol: 1,189

OI: 144

Vol/OI: 8.3x

IV: 244.5%

Notional: ~$21K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

IREN 2026-06-26 $53.00 Call

Vol: 1,891

OI: 264

Vol/OI: 7.2x

IV: 106.3%

Notional: ~$170K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: High vol/oi near-term calls at $50-$54 (spot ~$51); speculative upside.

Put additions: Large put volume at $53 (near ATM) and $20 (deep OTM); hedging.

GEX/DEX consistency: Flow aligns with negative GEX (-$24.4M) and positive DEX (+62.7M).

OI clusters: Put OI clustered at $40-$44; call OI thin above $50.

Hedging evidence: Put spreads and deep OTM puts indicate downside hedging.

Max pain context: Spot below MP; pinning unlikely per flow.

Signal vs Noise

~Signal: $53 put surge (vol/oi 6.9) with high IV indicates bearish hedging.

~Signal: $54 call spike (vol/oi 45.1) shows speculative buying.

~Noise: Low OI in near-term calls may reflect closing positions.

Key Conclusions

🔻Put volume at $53 signals bearish hedging; spot below MP adds risk.

⚠️Negative GEX ($-24.4M) amplifies downside moves; hedge flow persists.

📈Call buying at $54 indicates speculative upside bets despite bearish flow.

How to Use These Reports

This flow reflects the market close on June 24, 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.