Investors with a lot of money to spend have taken a bullish stance on IREN IREN.
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 23 uncommon options trades for IREN.
This isn't normal.
The overall sentiment of these big-money traders is split between 56% bullish and 43%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $93,435, and 20 are calls, for a total amount of $1,123,681.
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 $6.0 to $20.0 for IREN during the past quarter.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for IREN's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across IREN's significant trades, within a strike price range of $6.0 to $20.0, over the past month.
IREN 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IREN | CALL | SWEEP | BULLISH | 05/16/25 | $1.11 | $0.93 | $1.11 | $18.00 | $210.3K | 10.8K | 2.0K |
| IREN | CALL | SWEEP | BULLISH | 05/16/25 | $1.04 | $0.9 | $1.04 | $18.00 | $103.3K | 10.8K | 2.0K |
| IREN | CALL | SWEEP | BULLISH | 05/16/25 | $0.96 | $0.9 | $0.96 | $18.00 | $84.5K | 10.8K | 4.0K |
| IREN | CALL | SWEEP | BEARISH | 03/21/25 | $0.85 | $0.8 | $0.8 | $15.00 | $78.3K | 23.9K | 2.3K |
| IREN | CALL | SWEEP | BEARISH | 03/21/25 | $0.84 | $0.71 | $0.71 | $15.00 | $71.0K | 23.9K | 3.5K |
About IREN
IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy.
Where Is IREN Standing Right Now?
- With a trading volume of 8,959,968, the price of IREN is up by 5.4%, reaching $10.35.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 42 days from now.
What The Experts Say On IREN
4 market experts have recently issued ratings for this stock, with a consensus 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. * An analyst from Macquarie persists with their Outperform rating on IREN, maintaining a target price of $19. * An analyst from JP Morgan downgraded its action to Neutral with a price target of $15. * An analyst from B. Riley Securities persists with their Buy rating on IREN, maintaining a target price of $16. * An analyst from Jones Trading has revised its rating downward to Buy, adjusting the price target to $22.
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.
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