Bullish flow in Iris Energy (IREN), with shares up $1.34, or 7.56%, near $19.07. Options volume running well above average with 181k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 7.3 points near 105.01,and above the 52wk median, suggesting an expected daily move of $1.26. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Iris Energy (IREN) will report earnings after the close on 2025-08-27.Option markets are pricing in a 50% probability of a move greater than 16.48% or $3.14.
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