Bullish flow in Iris Energy with shares up 12.77%

Bullish flow in Iris Energy (IREN), with shares up $5.33, or 12.77%, near $47.10. Options volume nearly triple the daily average with 182k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.49. Implied volatility (IV30) is up nearly 12.0 points near 122.4,in the top quartile of the past year, suggesting an expected daily move of $3.63. Put-call skew flattened, suggesting a modestly bullish tone.