Bear Put Spreads Below the 200-Day
Bear Put Spread152 trades pass on IREN
- Return on risk
- 17.7% to 240.4%
- Probability of profit
- 38.3% to 82.4%
IREN Ltd · Financials
In the app, stock prices are live and options data is refreshed intraday.
IREN last closed at $18.17 with 30-day implied volatility of 112.5%. That is in the upper half of its one-year range (IV rank 54), so premiums are somewhat richer than usual for IREN. Measured by IV percentile, IV is higher than 73% of the past year's readings. Options expiring Dec 11 (28 days out) price a one standard deviation move of about $5.66, or 31.1%.
The price is below both its 50-day (-46.6%) and 200-day (-57.3%) moving averages. It is trading within 0.8% of its 52-week low. The 14-day RSI of 32.7 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $2.74, about 15.1% of the price, a measure of a typical day's range.
Option volume at the close (316K contracts) was 0.9x its average, close to normal. A beta of 3.83 means IREN has tended to move about 3.8 times as much as the broad market. 3 of our preset screens found trades on IREN at the close, led by Bear Put Spreads Below the 200-Day with 152 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Nov 20, 20267 days | 121.3% | ±$3.05 (16.8%) | $15.12 to $21.22 | $2.42 |
| Dec 11, 202628 days | 112.4% | ±$5.66 (31.1%) | $12.51 to $23.83 | $4.47 |
| Jan 15, 202763 days | 108.4% | ±$8.18 (45.0%) | $9.99 to $26.35 | $6.43 |
| Feb 19, 202798 days | 106.9% | ±$10.06 (55.4%) | $8.11 to $28.23 | $7.85 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for IREN from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
152 trades pass on IREN
138 trades pass on IREN
48 trades pass on IREN
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.