Investors with a lot of money to spend have taken a bearish stance on IREN (NASDAQ:IREN).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with IREN, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 13 options trades for IREN.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $42,586, and 12, calls, for a total amount of $771,930.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $6.0 to $20.0 for IREN over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for IREN's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of IREN's whale activity within a strike price range from $6.0 to $20.0 in the last 30 days.
IREN Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IREN | CALL | TRADE | BEARISH | 01/16/26 | $4.4 | $4.1 | $4.2 | $12.50 | $210.0K | 12.2K | 1.4K |
| IREN | CALL | SWEEP | BEARISH | 01/16/26 | $5.0 | $4.8 | $4.8 | $10.00 | $165.6K | 28.8K | 675 |
| IREN | CALL | TRADE | BEARISH | 01/16/26 | $4.6 | $4.2 | $4.3 | $12.50 | $150.5K | 12.2K | 466 |
| IREN | CALL | SWEEP | BEARISH | 01/16/26 | $3.7 | $3.5 | $3.5 | $15.00 | $87.5K | 18.2K | 280 |
| IREN | CALL | TRADE | BEARISH | 01/16/26 | $3.7 | $3.4 | $3.5 | $15.00 | $84.0K | 18.2K | 280 |
About IREN
IREN Ltd is engaged in data center business powering the future of Bitcoin, AI and beyond utilizing renewable energy.
Present Market Standing of IREN
- With a volume of 3,420,238, the price of IREN is down -0.91% at $12.02.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 56 days.
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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.