Analyzing Recent Options Activity for IREN (NASDAQ:IREN)

Investors with significant capital are currently displaying a bullish outlook on IREN. This has become evident as we tracked unexpected options trading activity that surfaced today.

Retail traders should take note of this situation.

Today, our options tracking system uncovered some unusual trades for IREN in publicly available options history.

It remains unclear if these trades are being made by institutional investors or affluent individuals. However, when there is such notable activity surrounding IREN, it often suggests someone may have insights into upcoming developments.

Curious about what these investors have been doing recently? Today, our scanner detected 23 uncommon options trades associated with IREN.

This level of trading is atypical.

The overall sentiment from these major investors is slightly leaning towards bullish, with 56% bullish trades compared to 43% bear trades.

Out of these trades, 3 were puts, accumulating a total value of $93,435, while 20 were calls, totaling $1,123,681.

Expected Price Movements

By analyzing the volume and open interest of these options contracts, it appears that large investors have set their sights on a price range of $6.00 to $20.00 for IREN in the past quarter.

Volume & Open Interest Trends

Investigating the trends in volume and open interest provides important insights essential for stock evaluation. This data is instrumental in assessing liquidity and the level of interest in IREN's options at specific strike prices. Below is a summary of the volume and open interest trends related to calls and puts for IREN's important trades, focusing on a strike price range of $6.00 to $20.00 over the past month.

IREN 30-Day Option Volume & Interest Snapshot

Key Options Observed:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. 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

Understanding IREN

Inspecting IREN Ltd, they operate within the data center sector, focusing on powering Bitcoin, AI technologies, and more with renewable energy.

Current Status of IREN

• Recently, IREN's trading volume has reached 8,959,968, with its price increasing by 5.4% to hit $10.35.
• The current RSI (Relative Strength Index) suggests the stock might be nearing oversold conditions.
• The next earnings report is due in 42 days.

Expert Insights on IREN

Recently, 4 market analysts have provided ratings for this stock, agreeing on a consensus target price of $18.00.

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* An analyst from Macquarie has reiterated their Outperform rating for IREN, maintaining a target price of $19.

* An analyst from JP Morgan has adjusted their rating to Neutral with a target price of $15.

* An analyst from B. Riley Securities keeps their Buy rating on IREN, with a price target of $16.

* An analyst from Jones Trading has revised their assessment to Buy, changing the price target to $22.

Options trading entails higher risks but also offers potential rewards. Savvy traders navigate these risks by staying informed, adjusting their strategies, monitoring various indicators, and keeping a close watch on market trends. Stay updated on IREN's options trades with real-time alerts.

options, trading, IREN