Bullish option flow detected in Iris Energy with 51,329 calls trading, 1.6x expected, and implied vol increasing over 3 points to 106.78%. 2/27 weekly 50 calls and 2/27 weekly 51 calls are the most active options, with total volume in those strikes near 17,700 contracts. The Put/Call Ratio is 0.23. Earnings are expected on May 13th.
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