Bullish flow in Iris Energy with shares up 5.33%

Bullish flow in Iris Energy (IREN), with shares up $1.05, or 5.33%, near $20.74. Options volume running well above average with 145k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.44. Implied volatility (IV30) is higher by 4.3 points near 112.11,and above the 52wk median, suggesting an expected daily move of $1.46. 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 17.62% or $3.65.