Mixed options sentiment in Iris Energy (IREN), with shares down 48c near $9.92. Options volume relatively light with 19k contracts traded and calls leading puts for a put/call ratio of 0.2, compared to a typical level near 0.26. Implied volatility (IV30) dropped 3.11 near 80.76,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.50. Put-call skew steepened, indicating increased demand for downside protection.
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