IREN Ltd. (IREN)

IREN trades at $50.46, 12.1% above the near-term max pain of $45 expiring Oct 10, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($10-$45), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IREN shows a downward trend from 45 to 10, indicating bearish sentiment or hedging activity. The 117% spread signals divergent expectations across timeframes. Most levels below 50.46 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.