Trade Ideas
UOA PRO New Trade Idea IREN 7-20
7,500 24July 50 calls bought for 0.09-0.20 above open interest of 1,940 contracts. Stock 37.52-39.00.
New Trade Idea
Ticker: IREN
Stock: 39.12
Trigger: 39.91
Expiration Date: 31JUL
UOA: 7,500 24July 50 calls bought for 0.09-0.20 above open interest of 1,940 contracts. Stock 37.52-39.00.
IREN $38.74 Last.
Sizeable front week far OTM call buy that’s a little bit of a headscratcher. Stock is cleary in a downtrend but positive news has the stock up BIG already today. Have to be careful due to intermediate downtrend but have to keep on watch in case this news is matched with a market that sees a dip buying phase in the very near future.
Share Statistics
Avg Vol (3 month) 3 46.82M
Avg Vol (10 day) 3 39.62M
Shares Outstanding 5 357.38M
Implied Shares Outstanding 6 357.38M
Float 8 308.89M
% Held by Insiders 1 3.52%
% Held by Institutions 1 49.08%
Shares Short (6/30/2026) 4 76.03M
Short Ratio (6/30/2026) 4 1.76
Short % of Float (6/30/2026) 4 21.97%
Short % of Shares Outstanding (6/30/2026) 4 21.27%
Shares Short (prior month 5/29/2026) 4 55.54M
Trigger: $39.91, today’s current high.
Strategy 1: Consider the IREN 31July 40.00-50.00 call spread for $3.00 projected at trigger level today. Uncappable.
Targets: 40.50, 41.41, 42.56, 43.22 (20 SMA currently), 44.94