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 14 extraordinary options activities for IREN. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 35% leaning bullish and 57% bearish. Among these notable options, 7 are puts, totaling $349,175, and 7 are calls, amounting to $598,954.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $20.0 for IREN over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in IREN's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to IREN's substantial trades, within a strike price spectrum from $5.0 to $20.0 over the preceding 30 days.
IREN Option Activity Analysis: 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 | CALL | SWEEP | BULLISH | 01/16/26 | $3.3 | $3.05 | $3.3 | $15.00 | $297.0K | 25.9K | 915 |
| IREN | CALL | SWEEP | BEARISH | 07/18/25 | $3.65 | $3.55 | $3.55 | $11.00 | $105.8K | 2.0K | 299 |
| IREN | PUT | SWEEP | BULLISH | 01/16/26 | $8.25 | $8.05 | $8.1 | $20.00 | $90.7K | 39.8K | 156 |
| IREN | PUT | TRADE | BEARISH | 01/16/26 | $6.2 | $6.15 | $6.2 | $17.50 | $54.5K | 33.0K | 310 |
| IREN | PUT | TRADE | BULLISH | 01/16/26 | $6.15 | $6.0 | $6.05 | $17.50 | $53.2K | 33.0K | 400 |
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.
IREN's Current Market Status
- With a trading volume of 7,398,874, the price of IREN is up by 3.78%, reaching $13.46.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 84 days from now.
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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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