Iris Energy call volume above normal and directionally bullish

Bullish option flow detected in Iris Energy with 26,059 calls trading, 1.6x expected, and implied vol increasing almost 2 points to 132.23%. Jan-25 14 calls and May-25 16 calls are the most active options, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 0.05. Earnings are expected on November 21st.

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