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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
21
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 Theta Report
Analysis based on market close June 23, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Theta Verdict

Attractiveness7 / 10
Sizing: Moderate
Primary: Put credit spreads or short puts
Invalidation: Break below $40 gamma flip
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

IV Environment

IV Regime
High
IV vs VIX
Elevated: avg IV 110% vs VIX 19.5
Favorable?
Yes

Term structure: Steep put skew near-term; put IV > call by 35-40 points for 3d expiry

⚠️Extreme put skew; premium selling attractive but risky near-term

Pin Risk Assessment

Spot vs MP: Below

GEX regime: Pinning ($+4.5M)

Gamma flip: ~$40.00 — Approx — based on put OI concentration of 40,849 (26.9% below spot)

OI concentrations: OI walls: $65 call, $30-45 put; max pain $60 for Jun26, $56 for Jul2, $59 for Jul10

Verdict: Pinning likely around $60 for front expiries with heavy call OI at $60

Premium Opportunities

#1
Put credit spread
Sell 2026-07-17 $48.00/$45.00 put spread
Sell 48/45 put spread on IREN, collecting premium with high IV and low risk of breach.
Credit: $0.75-$0.91
Max loss: $2.09
BE: $47.09
Mgmt: Monitor spot near $60; close if IV contracts or spot drops below $55.
#2
Iron condor
Sell 2026-07-17 $48.00/$45.00 put wing and $65.00/$70.00 call wing
Sell 48/45 put and 65/70 call wings for a credit, profiting from range-bound movement.
Credit: $1.49-$1.82
Max loss: $3.18
BE: 46.18 / 66.82
Mgmt: Close if price approaches either short strike; adjust wings if IV spikes.

Risk Alerts

!High IV (avg 110%) vs VIX 19 signals elevated premium environment
!Extreme put skew may indicate hedging pressure; monitor spot action
How to Use These Reports
This theta 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.