“`html
Investors in IREN Ltd (Symbol: IREN) can now trade new options set to expire in January 2026. A put contract at the $50.00 strike price has a current bid of $6.35, offering a potential effective purchase price of $43.65 if sold to open. This reflects a 2% discount from the current trading price of $50.99.
Additionally, a call contract at the $56.00 strike price has a current bid of $6.40. Selling this covered call would lead to a total return of 22.38% if the stock is called away, while it represents a 10% premium to the current stock price. The probability of both contracts expiring worthless is estimated at 61% for the put and 48% for the call.
The implied volatility for the put contract is 112%, while for the call contract, it is 119%. The actual trailing twelve-month volatility is calculated at 100% based on the last 250 trading days.
“`
