Bull Call Spreads on High-Beta Names
Bull Call Spread138 trades pass on IREN
- Return on risk
- 100.0% to 900.0%
- Probability of profit
- 25.3% to 56.0%
IREN Ltd · Financials
As of the close on . In the app, data is refreshed intraday.
IREN closed at $41.72 on Sep 28, 2026 with 30-day implied volatility of 75.6%. That is near the bottom of its one-year range (IV rank 2), so options on IREN are cheap compared with its own recent history. Measured by IV percentile, IV is at or below every reading of the past year. Options expiring Oct 30 (32 days out) price a one standard deviation move of about $9.37, or 22.5%.
The price is above its 50-day moving average (+0.8%) but still below its 200-day (-8.4%). It is 45.4% below its 52-week high and 42.3% above its 52-week low. The 14-day RSI of 46.0 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $2.92, about 7.0% of the price, a measure of a typical day's range.
Option volume at the close (201K contracts) was 0.9x its average, close to normal. A beta of 3.80 means IREN has tended to move about 3.8 times as much as the broad market. 4 of our preset screens found trades on IREN at the close, led by Bull Call Spreads on High-Beta Names with 138 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 |
|---|---|---|---|---|
| Oct 2, 20264 days | 83.9% | ±$3.66 (8.8%) | $38.06 to $45.38 | $2.92 |
| Oct 30, 202632 days | 75.9% | ±$9.37 (22.5%) | $32.35 to $51.09 | $7.48 |
| Nov 20, 202653 days | 83.9% | ±$13.34 (32.0%) | $28.38 to $55.06 | $10.60 |
| Dec 18, 202681 days | 84.1% | ±$16.52 (39.6%) | $25.20 to $58.24 | $13.08 |
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.
138 trades pass on IREN
69 trades pass on IREN
36 trades pass on IREN
5 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.