IREN Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete IREN options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around IREN.

Latest Data: 2026-10-13 (EDT)

Max Pain Price

Exp: 2026-10-16

Gamma Flip

39.39

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.702

Shows put vs call positioning

IV Skew

-6.68

Put–call IV difference

Max Pain Price Volatility

σ = 8.92

medium volatility

Confidence 62%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 67%

Current DPI is -0.262(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-10-16 options expiry. 90% confidence

The support levels for IREN are at 34.30, 33.56, and 28.85, while the resistance levels are at 35.30, 36.04, and 40.75. The pivot point, a key reference price for traders, is at 39.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 3.75% 1-day move.

The expected range for the next 3 days is 32.55 — 37.07 , corresponding to +6.51% / -6.47% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 38.07 (9.41% above spot).

Bearish positioning points to downside pressure toward 31.55 (9.35% below spot).

Options flow strength: 0.92 (0–1 scale). ATM Strike: 35.00, Call: 1.04, Put: 1.21, Straddle Cost: 2.26.

Price moves may extend once a direction forms. The short-term gamma flip is near 39.39 , with intermediate positioning around 39.39 . The mid-term gamma flip remains near 39.43.