IRENIREN Limited Ordinary Shares
Options Analysis Report•FINANCE SERVICES
Market Cap $21.2B|NASDAQ
● 2026-06-09$59.19
NEUTRAL
Analysis: 2026-06-08 EOD data
1Y +472.4%YTD +38.6%7D -11.1%
Options Vol
254,422
30D
Implied Move
±31.1%
IV Rank
34%
IREN Options Overview
IV is elevated with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.7
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 95.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.95x — IV ≤ HV
Sector Relative≤50%
Sector percentile 97% — above sector median
Term Structure
<1.1xFront/Back 1.08x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 109.8% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 120.5% (ATM 109.8% + spread 5.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 7.51% (spread 5.36% + slippage 2.15%) — high friction
Vega Efficiency
≥5.0Vega efficiency 31.13 (vega 16.683 / spread 5.36%) — efficient
Sentiment
Bullish or bearish?
6.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +1%, Raw: +1%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +1% (neutral) — Raw: +1%
OI Skew Magnitude
≥15%|OI skew| 10.0% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +28.9%, OI skew +10.0% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +1%, ATM: +12%, OTM: -0% — neutral (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 22% — very bullish vs sector
Activity
Unusual activity?
4.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.7x avg — normal
Turnover Rate
≥15%Vol/OI 10.8% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +1.1% (5d) — stable
Sector Relative≥60%
Sector activity percentile 90% — very active vs sector
Trade Quality
≥30%Large trade volume 24% — mixed
Execution Urgency
≥60%Aggressive execution 49% — patient
Flow Conviction
≥30Conviction +1 (bullish) — mixed
Liquidity
Can I trade efficiently?
6.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 5.4% — wide
Adequate OI
≥10,000OI 2,348,372 — deep
Active Volume
≥500Volume 254,422/day — active
Reasonable Cost
≤$0.50$0.27 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 98% — much wider than sector
Order Book Depth
≥100 contractsDepth 487.20000000000005 contracts (bid:286.6 ask:200.6) — adequate
Execution Quality
<1.0%Avg slippage 2.15% — poor
Timing
Is now a good time?
7.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +7.8% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 95% — seller opportunity
Event Detection
≥10pts kinkIV kink 11.0pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 382.64 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: No earnings detected; CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +1% @ 50% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 54 (ITM 20% + inst 24%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.6
bullishIV expensive, bullish flow
Long Puts4.6
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.5
bullishIV rich premium, bullish flow
Covered Call5.5
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.