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Iris Energy call volume above normal and directionally bullish

Bullish option flow detected in Iris Energy with 34,629 calls trading, 3x expected, and implied vol increasing almost 4 points to 108.39%. Oct-24 15 calls and 9/13 weekly 8.5 calls are the most active options, with total volume in those strikes near 21,500 contracts. The Put/Call Ratio is 0.06. Earnings are expected on November 21st.

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