ReflationCurrent RegimeDay 7as of 2026-04-17
Pricing: Apr 24 (eod)
Vol Dashboard/IREN

IREN

$50.59
IV30: 115.0%Rank: 41Regime: Reflation

Research & Monitoring

Squeeze:77FIREScan: 2026-04-24
F1 Net GEXNF2 Put WallNF3 Call CascadeNF5 Squeeze PressureNF8 Term BackwardationPF9 Reversal TriggerP
Draft — Unreviewed
IRENDraft
2026-03-13

IREN triple-Core FIRE: 0th pctile short GEX + put trampoline at 35 + call cascade at 45, price reclaiming MA10

IREN is a Bitcoin mining / AI data center infrastructure stock with heavy retail options activity; net dealer GEX sits at the 0th percentile (maximally short gamma), a concentrated put wall at 35 creates a trampoline floor, and 100th percentile call OI above spot with peak concentration at 45 sets a delta-hedging cascade path. Price just reclaimed the 10-day MA at 41.72, triggering F9 (weak — price reclaim only, no HV expansion). Term structure is in severe backwardation (IV7d 1.01 > IV90d 1.02, front-back spread -0.57%). Strike skew slope at the 97th percentile confirms heavy put-side demand. No gex_flip_strike identified — squeeze ceiling unknown, target precision reduced. Reflation regime supports 1.0× sizing.

IV Rank
VRP
Term
F4neutral
Skew-
Catalystcheck calendar
long_calllong

Peak call OI at 45 is the delta-hedging cascade target — 45C captures the reflexive move through the densest gamma band. With no flip strike identified, 45 is the best available mechanical target. 28-42 DTE (Apr 10-24...

Entry: Enter on confirmed hold above 10d MA (41.72). Ideal entry on any pullback toward 40 that holds above put wall influence zone. If price breaks below 39, delay entry.

Risk: No gex_flip_strike means the squeeze ceiling is unknown — the move could stall anywhere above 45 or run further, but target precision is...

long_calllong

Higher-delta, longer-dated 43C in May expiry (49-63 DTE) as a higher-conviction leg. The May 15 expiry shows an earnings volatility bump (+5.6% earn effect in vol surface), which could compound the squeeze. Closer-to-...

Entry: Enter if F9 strengthens (HV expansion or DRMO fires). Acceptable to enter now with half size, add on confirmation.

Risk: Longer DTE means more premium at risk but more time for mechanics to play out. Earnings effect embedded in May options — if earnings are...

IV Rank: 35IV30d: 98.5%Regime: ReflationScore: 73

Paper Trades (1)

IREN$50/$60 Call Spread
SWARMbullish
Order Ticket2-Leg
BUY1IREN 15 MAY 26 50 C6.056.236.50
SELL1IREN 15 MAY 26 60 C2.802.892.88
Net Debit$2.54($254)
+$0.80(+31.5%)
Debit $2.54→$3.34
Spot $47.05→$50.89
20 DTEΔ +0.24Θ $-0.01/day
-$2.54+$7.46
Exp May 15, 2026Priced 2026-04-24

Whale Episodes

Stored episode summaries for this symbol

Open monitor →

No whale episodes stored for IREN.

IV 30d

115.0%

IV 60d

107.6%

IV 90d

101.9%

HV 20d

93.2%

IV Rank

41

IV-HV Spread

21.8%

Term Slope

-1.57

Structure

Backwrd

Skew (Slope)

-0.19

RV Forecast

108.4%

IV Term Structure

7d
115.2%
30d
115.0%
60d
107.6%
90d
101.9%
180d
98.0%
365d
93.1%

Historical Volatility Cone

Percentile bands (5/25/50/75/95th) with current HV highlighted

IV & HV Time Series

MARKET CLOSED
IV 30d
IV 60d
HV 20d
IREN Price (right axis)
IV Rank

Vol Surface

25d (OTM put)
40d
ATM
60d
75d (OTM call)
Cal Vol

Skew Profile

Current: -0.19Pctile: 44th25/75: -1.1 / 0.9
Strike Slope (skew)
Curvature (smile)
Mean

Positioning

Call OI: 524,046Put OI: 199,216P/C: 0.38Max GEX: $50

Open Interest by Strike

Call OI
Put OI
Spot

Gamma Exposure (GEX) by Strike

Positive GEX (support)
Negative GEX (resistance)