Iris Energy call volume above normal and directionally bullish

Bullish option flow detected in Iris Energy with 29,281 calls trading, 1.3x expected, and implied vol increasing over 5 points to 130.88%. 7/26 weekly 10 puts and Aug-24 12.5 calls are the most active options, with total volume in those strikes near 9,600 contracts. The Put/Call Ratio is 0.37. Earnings are expected on September 12th.