Trading a IREN straddle lets you take a pure volatility position on IREN Ltd without committing to a direction. IREN Ltd's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate IREN straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on IREN profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when IREN Ltd stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the IREN straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers. It also mines Bitcoin, a scarce digital asset that is created and transmitted through the operation of a peer-to-peer network of computers running the Bitcoin software. The company was formerly known as Iris Energy Limited and changed its name to IREN Limited in November 2024. The company was incorporated in 2018 and is based in Sydney, Australia.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the IREN straddle is the cleanest expression of that view. Our scanner prices every IREN straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a IREN straddle into a catalyst or short a IREN straddle to harvest decay, the options straddle setups that matter are all in one place.
