Bullish option flow detected in Iris Energy with 41,611 calls trading, 2x expected, and implied vol increasing over 2 points to 86.02%. 5/23 weekly 10 calls and Jan-26 10 calls are the most active options, with total volume in those strikes near 11,000 contracts. The Put/Call Ratio is 0.16. Earnings are expected on August 27th.
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Read More on IREN:
- Unusually active option classes on open May 22nd
- Iris Energy call volume above normal and directionally bullish
- Moderately bullish activity in Iris Energy (IREN), with shares up $0.25 (+2.97%) near $8.66
- Iris Energy Ltd. Reports Record Revenue and Strategic Growth
- IREN price target raised to $15 from $14 at B. Riley
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