---
title: "Trending | IREN Plummets 9% last Friday, Some Put options Soar 100%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286712733.md"
description: "On May 15, Eastern Time, IREN options saw a total of 356877 contracts traded, with calls accounting for 57% and puts making up 42%."
datetime: "2026-05-18T04:22:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286712733.md)
  - [en](https://longbridge.com/en/news/286712733.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286712733.md)
---

# Trending | IREN Plummets 9% last Friday, Some Put options Soar 100%

On May 15, Eastern Time, IREN options saw a total of 356877 contracts traded, with calls accounting for 57% and puts making up 42%.

IREN has 2212328 contracts outstanding, with calls accounting for 58% and puts making up 41%.

The top volume gainer was the 62 dollars Call option expiring on May 22, 2026, with 8929 contracts traded.

On the news front, Based on recent key news:

1\. May 15, IREN announced a $3 billion convertible notes offering, leading to concerns about share dilution. The company plans to use $201.3 million for capped call transactions to hedge against dilution, impacting investor sentiment. Source: Benzinga

2\. May 15, IREN's strategic shift from Bitcoin mining to AI infrastructure, including a $3.4 billion AI cloud deal with NVIDIA, indicates a significant business pivot. This move reflects broader industry trends and regulatory pressures. Source: Foresight News

3\. May 14, IREN's stock was affected by Australia's tax overhaul plans, which could impact crypto investors. The policy changes highlight regulatory challenges in the crypto sector. Source: Foresight NewsCrypto sector faces regulatory shifts.

Please note: The chart below does not include options expiring within five days.

![image](https://assets.lbctrl.com/h5hub/optrank/images/2026-05-18/ST_US_IREN_en.png)

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