Mixed options sentiment in Iris Energy (IREN), with shares up $6.32, or 14.96%, near $48.58. Options volume roughly in line with average with 308k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.53. Implied volatility (IV30) dropped 10.16 near 117.07,in the top quartile of the past year, suggesting an expected daily move of $3.58. Put-call skew steepened, indicating increased demand for downside protection.
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