Bullish option flow detected in Iris Energy with 32,428 calls trading, 1.4x expected, and implied vol increasing over 2 points to 113.49%. 8/22 weekly 20 calls and 8/29 weekly 20 puts are the most active options, with total volume in those strikes near 13,300 contracts. The Put/Call Ratio is 0.32. Earnings are expected on August 28th.
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