Mixed options sentiment in Iris Energy (IREN), with shares down 41c near $69.15. Options volume roughly in line with average with 274k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 6.6 points near 137.28, in the highest 10% of observations over the past year, suggesting an expected daily move of $5.98. Put-call skew steepened, indicating increased demand for downside protection.
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