Home Options IRENReports

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

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 Flow Report

Analysis based on market close June 25, 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 16.2% from MP; +0.5 VIX 19

Watch next session: $42 gamma flip; weekly $47.5 put OI; VIX movement

Flow Summary

Net premium: -$39.1M bearish

P/C volume ratio: 2.13

P/C OI ratio: 0.96

Dominant bearish flow: heavy OTM put accumulation, negative net premium (-$39M), high put/call volume ratio 2.13. Negative gamma (-$37.7M) and spot below MP reinforce downside bias.

Notable Prints

IREN 2026-07-17 $41.00 Put

Vol: 25,816

OI: 585

Vol/OI: 44.1x

IV: 109.3%

Notional: ~$5.7M

Intent: Bearish speculation

Read-through: High conviction bearish

IREN 2026-06-26 $47.50 Put

Vol: 5,108

OI: 262

Vol/OI: 19.5x

IV: 87.2%

Notional: ~$562K

Intent: Bearish hedge

Read-through: Expiration risk

IREN 2026-06-26 $49.00 Call

Vol: 1,630

OI: 137

Vol/OI: 11.9x

IV: 81.4%

Notional: ~$104K

Intent: Speculative call

Read-through: Short-term bullish

IREN 2026-06-26 $49.50 Call

Vol: 1,424

OI: 128

Vol/OI: 11.1x

IV: 80.3%

Notional: ~$67K

Intent: Speculative call

Read-through: Short-term bullish

IREN 2026-08-21 $34.00 Put

Vol: 13,380

OI: 1,273

Vol/OI: 10.5x

IV: 115.8%

Notional: ~$3.1M

Intent: Bearish put

Read-through: Long-term bearish

Institutional Positioning

Call additions: moderate; notable $50C Jul2 (4559 vol) and $52C Jun26 (4132 vol) but small OI

Put additions: heavy; $41P Jul17 (25816 vol), $34P Aug21 (13380), $35P Aug21 (12417), $47.5P Jun26 (5108)

GEX/DEX consistency: consistent; -$37.7M GEX bearish, +63.6M DEX via hedging, regime bearish flow/trending gamma

OI clusters: put OI clusters at $34 (1273) and $35 (1870); call OI at $50 (572) and $52 (562)

Hedging evidence: strong; large put volumes on far OTM strikes (41P, 34P, 35P) suggest institutional hedging

Max pain context: MP 16.2% above spot; below MP; net premium -$39.1M, bears pinning lower

Signal vs Noise

~Heavy put volume on 41P (25816) and 34/35P (13380/12417) is real bearish signal

~Negative net premium (-$39.1M) and put/call volume ratio 2.13 confirm bearish flow

~Small call prints (e.g., 49C 1630 vol) are noise with low OI relative to puts

~IV >100% on long-dated puts is noise due to vol premium, not directional conviction

Key Conclusions

📉Institutions piling into downside protection; 41P Jul17 and 34/35P Aug21 volumes signal bearish hedging.

⚠️Spot 16% below max pain; negative GEX and net premium ($-39M) favor continued downside pressure.

🔍Minor call buying at $50/52 likely noise; bearish flow dominant with put/call ratio 2.13.

How to Use These Reports

This flow 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.