Home Options IRENReports

IREN

IREN LIMITEDClose $24.46EOD only

Max Pain

$27.50

Next expiry Nov 6, 2026

Expected Move

±$4.38

17.9% from close

Price Gap

+3.04

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.68

Slightly call-heavy

Consensus

7.5/10

Bearish tilt

Published snapshot: Nov 3, 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

Nov 3, 2026 close

IREN Theta 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.

You are viewing an older report from June 18, 2026. A newer theta report is available for June 26, 2026.

View latest report

Theta Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); -1 spot 11.0% from MP; +1 VIX 16

IV Environment

IV Regime

High

IV vs VIX

Avg IV 117% vs VIX 16.4 – extreme premium

Favorable?

Yes

Term structure: Steep contango from 0DTE; put skew elevated

📈IV at 117% offers rich premium; pinning gamma supports short puts

⚠️0DTE put IV 497% indicates extreme tail risk

Pin Risk Assessment

Spot vs MP: Above

GEX regime: Pinning ($+90.8M)

Gamma flip: ~$45.00 — Approx — based on put OI concentration of 24,349 (24.9% below spot)

OI concentrations: Call OI wall $65-$70; Put floor $30-$45; max pain $54 (0DTE) & $61 (weekly)

Verdict: High pin risk near max pain strikes; spot above may drift lower

Premium Opportunities

Put credit spread

Sell 2026-07-17 $55.00/$50.00 put spread

Sells $55/$50 put spread to capture extreme implied volatility skew with limited downside.

Credit: $1.56-$1.91

Max loss: $3.09

BE: $53.09

Mgmt: Monitor spot near $54 invalidation; consider closing at 50% profit or before earnings.

Iron condor

Sell 2026-07-17 $55.00/$50.00 put wing and $60.00/$65.00 call wing

Combines put credit spread and call credit spread to benefit from IV crush in non-directional view.

Credit: $3.41-$4.16

Max loss: $0.84

BE: 50.84 / 64.16

Mgmt: Adjust wings if spot breaches middle; close early if pin risk rises.

Risk Alerts

!Extreme IV skew on 0DTE

!Expiry day pin risk

!Spot above gamma flip at $45

How to Use These Reports

This theta 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.