Mixed options sentiment in Iris Energy with shares up 0.8%

Mixed options sentiment in Iris Energy (IREN), with shares up 15c, or 0.8%, near $18.88. Options volume more than double the daily average with 137k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.46. Implied volatility (IV30) dropped 2.94 near 108.75,and above the 52wk median, suggesting an expected daily move of $1.29. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Iris Energy (IREN) will report earnings after the close on 2025-08-28.Option markets are pricing in a 50% probability of a move greater than 16.54% or $3.12.