Analyzing Recent Unusual Options Activity in IREN (NASDAQ:IREN)

Investors with significant capital have adopted a bullish perspective on IREN. This trend is something that retail traders should pay attention to.

Today, we noticed unusual activity in the options market, which can indicate potential movements in the stock. This information comes from the records we track.

It’s uncertain whether these high-value trades are made by institutional investors or wealthy individuals, but the scale of activity around IREN often suggests that someone has foreknowledge regarding its future.

Current Market Activity

Earlier today, our options scanner at Benzinga detected 23 unusual options trades for IREN, signaling that this is not typical behavior.

The sentiment among these traders appears to be predominantly bullish, with 56% favoring a rise in the stock compared to 43% who are bearish.

Breaking down the trades, we found that three are put options amounting to $93,435, while 20 are call options totaling $1,123,681.

Expected Price Movements

By analyzing the volume and open interest of these contracts, it seems that major players anticipate a price range for IREN between $6.00 and $20.00 over the past quarter.

Trends in Volume and Open Interest

Inspection of volume and open interest data is critical for understanding stock dynamics. This information helps gauge the liquidity and investor interest for IREN's options at various strike prices.

IREN Option Trends Snapshot

Here’s an overview of notable options activity for IREN within the mentioned strike price range over the past month.

Key Options Noted:

Symbol	PUT/CALL	Trade Type	Sentiment	Expiration 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	$0.90	$1.04	$18.00	$103.3K	10.8K	2.0K
IREN	CALL	SWEEP	BULLISH	05/16/25	$0.96	$0.90	$0.96	$18.00	$84.5K	10.8K	4.0K
IREN	CALL	SWEEP	BEARISH	03/21/25	$0.85	$0.80	$0.80	$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 involved in the data center sector, focusing on powering operations for Bitcoin, AI, and other technologies through renewable energy sources.

Current Status of IREN

• As of now, IREN has a trading volume of 8,959,968 and has increased by 5.4%, currently priced at $10.35.
• Current Relative Strength Index (RSI) readings suggest that the stock may be heading into oversold territory.
• The next earnings report is expected in 42 days.

Expert Opinions on IREN

Four analysts have recently made ratings on this stock, showing a consensus target price of $18.00.

One analyst from Macquarie maintains an Outperform rating with a target of $19.00.

An analyst at JP Morgan has downgraded their outlook to Neutral, with a revised price target of $15.00.

Another analyst from B. Riley Securities holds a Buy rating, with a target price of $16.00.

Lastly, an analyst with Jones Trading has adjusted their prediction down to a Buy with a target price of $22.00.

Engaging in options trading carries higher risks but also offers considerable rewards. It’s crucial for traders to stay informed, educate themselves, adapt their strategies, monitor various indicators, and stay alert to market changes. Remain updated with the latest options trades for IREN using real-time alerts.

IREN, Options, Trading