Investors with a lot of money to spend have taken a bearish stance on IREN IREN.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with IREN, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 23 options trades for IREN.
This isn't normal.
The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $48,960, and 22, calls, for a total amount of $2,504,110.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $9.0 to $30.0 for IREN during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for IREN options trades today is 5805.15 with a total volume of 68,544.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for IREN's big money trades within a strike price range of $9.0 to $30.0 over the last 30 days.
IREN Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IREN | CALL | SWEEP | BULLISH | 07/18/25 | $1.7 | $1.6 | $1.7 | $17.00 | $566.6K | 10.2K | 3.3K |
| IREN | CALL | SWEEP | BEARISH | 07/18/25 | $1.8 | $1.7 | $1.75 | $17.00 | $291.3K | 10.2K | 6.6K |
| IREN | CALL | TRADE | BULLISH | 01/16/26 | $4.8 | $4.5 | $4.75 | $10.00 | $201.8K | 28.2K | 441 |
| IREN | CALL | SWEEP | BULLISH | 07/18/25 | $1.75 | $1.65 | $1.75 | $17.00 | $174.3K | 10.2K | 4.7K |
| IREN | CALL | SWEEP | BEARISH | 07/18/25 | $1.8 | $1.7 | $1.75 | $17.00 | $153.3K | 10.2K | 8.8K |
About IREN
IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy.
Having examined the options trading patterns of IREN, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of IREN
- Currently trading with a volume of 6,213,149, the IREN's price is down by -1.19%, now at $11.67.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 52 days.
What Analysts Are Saying About IREN
In the last month, 5 experts released ratings on this stock with an average target price of $18.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from HC Wainwright & Co. keeps a Buy rating on IREN with a target price of $16. * Maintaining their stance, an analyst from Cantor Fitzgerald continues to hold a Overweight rating for IREN, targeting a price of $23. * An analyst from JP Morgan downgraded its action to Neutral with a price target of $15. * Maintaining their stance, an analyst from Macquarie continues to hold a Outperform rating for IREN, targeting a price of $19. * Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on IREN with a target price of $17.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest IREN options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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