IREN Options Are Pricing a $3.69 Move — Our Read Sees a Range, Not a Breakdown

This is your IREN Limited options read for October 25, 2026. IREN closed Friday at $24.91, and our bias is neutral. The options market is pricing a move of about $3.69 either way into the October 30 expiration, which gives a range of $21.22 to $28.59. The read is invalidated if IREN closes below $20. Think of it as a range, not a breakdown. Let's get into why.

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