IREN Ltd. (IREN)

IREN trades at $41.86, 2.1% above the near-term max pain of $41 expiring Oct 3, 2025 (5 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($10-$43.5), indicating stable market expectations. Key magnetic zone at 34 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IREN shows stable levels around 28.74, reflecting balanced market expectations. The 117% spread signals divergent expectations across timeframes. Most levels below 41.86 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.