Mixed options sentiment in Iris Energy (IREN), with shares down 68c near $15.43. Options volume relatively light with 77k contracts traded and calls leading puts for a put/call ratio of 0.7, compared to a typical level near 0.32. Implied volatility (IV30) dropped 0.45 near 96.76,and below the 52wk median, suggesting an expected daily move of $0.94. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Neutral at JPMorgan.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IREN:
- Crypto Currents: White House unveils cryptocurrency policy report
- U.S. strikes EU trade deal, Samsung to make AI6 chips for Tesla: Morning Buzz
- Crypto Currents: Trade deal sparks crypto rally as firms continue big buys
- IREN downgraded to Neutral from Overweight at JPMorgan
- Mixed options sentiment in Iris Energy with shares down 1.98%