Bearish flow noted in Iris Energy with 31,696 puts trading, or 9x expected. Most active are Jan-25 12.5 puts and 12/27 weekly 10 puts, with total volume in those strikes near 28,000 contracts. The Put/Call Ratio is 1.62, while ATM IV is up over 6 points on the day. Earnings are expected on February 13th.
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