IREN Limited (IREN)

IREN trades at $64.14, 52.7% above the near-term max pain of $42 expiring Oct 17, 2025 (3 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($10-$60), signaling increased put positioning or downside protection. Key magnetic zone at 25 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 60 to 10, indicating bearish sentiment or hedging activity. The 138% spread signals divergent expectations across timeframes. Most levels below 64.14 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.