Smart Money Is Betting Big In IREN Options

High-rolling investors have positioned themselves bearish on Iris Energy IREN, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in IREN often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 12 options trades for Iris Energy. This is not a typical pattern.

The sentiment among these major traders is split, with 33% bullish and 66% bearish. Among all the options we identified, there was one put, amounting to $89,700, and 11 calls, totaling $483,780.

  • Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
  • Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
  • Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
Share Price: $0.80
Min. Investment: $1,000
Valuation: $3.5B

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $17.5 for Iris Energy over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Iris Energy options trades today is 4523.4 with a total volume of 12,934.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Iris Energy's big money trades within a strike price range of $5.0 to $17.5 over the last 30 days.

Iris Energy Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
IREN CALL SWEEP BEARISH 08/16/24 $10.00 $108.1K 16.3K 795
IREN PUT SWEEP BEARISH 02/16/24 $8.00 $89.7K 408 1.0K
IREN CALL TRADE BEARISH 08/16/24 $10.00 $69.4K 16.3K 1.7K
IREN CALL SWEEP BEARISH 02/16/24 $7.50 $48.7K 6.0K 1.0K
IREN CALL SWEEP BEARISH 08/16/24 $10.00 $41.1K 16.3K 1.3K

About Iris Energy

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.

In light of the recent options history for Iris Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Iris Energy's Current Market Status

  • Currently trading with a volume of 12,743,227, the IREN's price is up by 2.41%, now at $8.5.
  • RSI readings suggest the stock is currently may be overbought.
  • Anticipated earnings release is in 0 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Iris Energy with Benzinga Pro for real-time alerts.

IREN Logo
IRENIREN Ltd
$10.32-0.19%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
20.72
Growth
Not Available
Quality
Not Available
Value
62.32
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment

Comments
Loading...