Iris Energy call volume above normal and directionally bullish

Bullish option flow detected in Iris Energy with 64,601 calls trading, 2x expected, and implied vol increasing over 6 points to 99.20%. Jul-25 18 calls and Jul-25 20 calls are the most active options, with total volume in those strikes near 19,800 contracts. The Put/Call Ratio is 0.16. Earnings are expected on August 27th.

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