Deep-pocketed investors have adopted a bearish approach towards IREN IREN, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in IREN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for IREN. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 3 are puts, totaling $216,548, and 5 are calls, amounting to $241,820.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $15.0 for IREN over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of IREN stands at 5502.57, with a total volume reaching 3,310.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in IREN, situated within the strike price corridor from $10.0 to $15.0, throughout the last 30 days.
IREN Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IREN | PUT | SWEEP | BULLISH | 05/16/25 | $2.53 | $2.32 | $2.32 | $11.00 | $125.9K | 2.3K | 777 |
| IREN | CALL | TRADE | BULLISH | 07/18/25 | $1.76 | $1.76 | $1.76 | $15.00 | $83.6K | 1.7K | 500 |
| IREN | CALL | TRADE | BEARISH | 01/16/26 | $3.85 | $3.8 | $3.8 | $12.50 | $54.7K | 14.6K | 223 |
| IREN | PUT | TRADE | BEARISH | 05/16/25 | $2.33 | $2.27 | $2.33 | $11.00 | $54.5K | 2.3K | 234 |
| IREN | CALL | SWEEP | BEARISH | 01/31/25 | $0.38 | $0.35 | $0.35 | $13.00 | $42.0K | 85 | 1.2K |
About IREN
IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy.
Following our analysis of the options activities associated with IREN, we pivot to a closer look at the company's own performance.
Where Is IREN Standing Right Now?
- With a trading volume of 5,832,785, the price of IREN is up by 6.6%, reaching $11.15.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 30 days from now.
Expert Opinions on IREN
1 market experts have recently issued ratings for this stock, with a consensus target price of $16.0.
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