Bullish flow in Iris Energy (IREN), with shares up $1.07, or 5.02%, near $22.50. Options volume running well above average with 111k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 0.48. Implied volatility (IV30) is higher by 9.2 points near 114.03,and above the 52wk median, suggesting an expected daily move of $1.62. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Iris Energy (IREN) will report earnings after the close on 2025-08-28.Option markets are pricing in a 50% probability of a move greater than 18.68% or $4.20.
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