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IREN

IREN LIMITEDClose $47.74EOD only

Max Pain

$57.00

Next expiry Jun 26, 2026

Expected Move

±$2.40

5.0% from close

Price Gap

+9.26

Distance to max pain

IV Rank

Low premium

P/C OI

0.96

Balanced positioning

Consensus

7.0/10

Bearish tilt

Published snapshot: Jun 25, 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 25, 2026 close

IREN Flow Report

Analysis based on market close June 26, 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 10.9% from MP; +0.5 VIX 18

Watch next session: $42; $48

Flow Summary

Net premium: -$27.4M bearish

P/C volume ratio: 2.83

P/C OI ratio: 1.00

Bearish flow: net premium -$27.4M, put/call volume 2.83, GEX -$48.3M. Unusual put buying in Jul $39 and $43, weekly call selling. Spot below MP, bearish regime. Watch $42 gamma flip; invalidation above $48.

Notable Prints

IREN 2026-06-26 $47.50 Call

Vol: 4,064

OI: 135

Vol/OI: 30.1x

IV: 30.7%

Notional: ~$20K

Intent: Speculative long vol

Read-through: Bet on large move

IREN 2026-07-17 $39.00 Put

Vol: 28,493

OI: 1,444

Vol/OI: 19.7x

IV: 113.0%

Notional: ~$5.4M

Intent: Bearish directional

Dual read: Hedge

Read-through: Expects deep fall

IREN 2026-07-02 $53.00 Call

Vol: 3,526

OI: 291

Vol/OI: 12.1x

IV: 95.5%

Notional: ~$275K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

IREN 2026-07-10 $53.00 Call

Vol: 2,441

OI: 255

Vol/OI: 9.6x

IV: 96.7%

Notional: ~$454K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

IREN 2026-06-26 $48.00 Call

Vol: 5,622

OI: 666

Vol/OI: 8.4x

IV: 25.0%

Notional: ~$6K

Intent: Unclear flow intent

Read-through: Needs contextual interpretation.

Institutional Positioning

Call additions: Light OTM call activity at 47.5-53, low OI.

Put additions: Heavy put additions at 39, 43, and 47.5 strikes.

GEX/DEX consistency: Bearish flow consistent with negative GEX; DEX positive suggests dealer hedging.

OI clusters: Put OI concentrated near 42 (~42,791).

Hedging evidence: Large put purchases at 39 and 43 indicate hedging or directional shorts.

Max pain context: Spot ~10.9% below MP; put flow contests upward pin.

Signal vs Noise

~Large put volume at 39 strike (28k vol vs 1.4k OI) is signal.

~Small OTM call volume at 53 strike (2k vol) likely noise.

~High IV on puts suggests real hedging demand.

Key Conclusions

🔻Bearish put flow dominates; positive DEX may buffer downside.

How to Use These Reports

This flow reflects the market close on June 26, 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.