Iris Energy call volume above normal and directionally bullish

Bullish option flow detected in Iris Energy with 23,504 calls trading, 1.3x expected, and implied vol increasing over 11 points to 111.59%. Sep-24 15 calls and 7/12 weekly 14 puts are the most active options, with total volume in those strikes near 8,200 contracts. The Put/Call Ratio is 0.61. Earnings are expected on September 12th.