RESTRUCTURE ANALYSIS: IREN (Jun 05, 2026, 35d remaining)

Stock: $44.31 | Contracts: 20 | Current: 25C/47P/35P
Put Spread: 22% of max loss ($55,335) | LC Delta: 0.872
Generated: 2026-05-01 01:08:05

CURRENT POSITION

LegStrikeExpiryDTEQty MidIntrinsicTime ValDeltaUnrealized
SC$57.0CJun'2635d-20$2.425$0.000$2.4250.290$6,884
HP$35.0PJul'2677d+20$3.650$0.000$3.6500.229$1,288
LC$25.0CJan'28630d+20$27.875$19.306$8.5690.872$-8,440
SP$47.0PJan'28630d-20$20.650$2.694$17.9560.283$1,449
SC$57.0CJun'2635d-20$2.425$0.000$2.4250.290$6,981
HP$35.0PJul'2677d+20$3.650$0.000$3.6500.229$1,371
LC$25.0CJan'28630d+20$27.875$19.306$8.5690.872$-7,641
SP$47.0PJan'28630d-20$20.650$2.694$17.9560.283$1,793

CONSIDER ROLL INSTEAD (FULL)

Put Spread22% of max loss
LC VitalityALIVE (delta 0.872)
SP DepthNEAR ATM (6%)
TimeCRITICAL (35d, consider roll)
Safe Strike$43.83 (1.0x stock)
StructureSS 1.0x stock ($44)
CrossoverAI pick dominates at all prices

Current Max Loss: $55,335 | Current Recovery: $43.83 | 1,178 candidates evaluated

BEST FOR CREDIT

LC $20C / SP $47P / HP $35P (LC_ONLY)
Maximizes cash returned. You collect CR $1,200 (2% of current ML back). No new capital into the trade.
CostCR $1,200
ML Change-$1,200
Recovery$43.83 -> $41.03
Delta20.8

Close:

Sell 20x 25C @ $27.15Sell 20x 25C @ $27.15

Open:

Buy 20x Jan 21 '28 $20C @ $26.55
P&L Scenarios (Current BE: $43.83 | Repair BE: $41.03)
StockChangeP&LDo NothingDiff
$0.44-99%$-54,135$-55,335$+1,200
$11.08-75%$-54,135$-55,335$+1,200
$20.00-55%$-50,670$-55,335$+4,665
$22.15-50%$-49,835$-55,335$+5,500
$25.00-44%$-44,135$-55,335$+11,200
$35.00-21%$-24,135$-35,335$+11,200
$35.44-20%$-22,375$-33,575$+11,200
$41.03 ◀-7%$-15$-11,215$+11,200
$44.310%$13,105$1,905$+11,200
$47.006%$23,865$12,665$+11,200
$55.3825%$40,625$29,425$+11,200
$66.4650%$62,785$51,585$+11,200
$88.61100%$107,085$95,885$+11,200
$110.76150%$151,385$140,185$+11,200
$132.92200%$195,705$184,505$+11,200
$177.22300%$284,305$273,105$+11,200
$221.53400%$372,925$361,725$+11,200

BEST FOR MARGIN

Same trade as BEST FOR CREDIT above: LC $20C / SP $47P / HP $35P

BEST FOR RECOVERY

Same trade as BEST FOR CREDIT above: LC $20C / SP $47P / HP $35P

AI TOP PICK (= Best Credit, = Best Margin, = Best Recovery)

Same trade as BEST FOR CREDIT above: LC $20C / SP $47P / HP $35P

NOTES: