Mixed options sentiment in Iris Energy (IREN), with shares down $2.11 near $55.27. Options volume roughly in line with average with 257k contracts traded and calls leading puts for a put/call ratio of 0.61, compared to a typical level near 0.48. Implied volatility (IV30) dropped 0.42 near 118.04,in the top quartile of the past year, suggesting an expected daily move of $4.11. Put-call skew steepened, indicating increased demand for downside protection.
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