Mixed options sentiment in Iris Energy (IREN), with shares up $1.11, or 2.35%, near $48.59. Options volume relatively light with 101k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.54. Implied volatility (IV30) dropped 4.06 near 113.33,and above the 52wk median, suggesting an expected daily move of $3.47. Put-call skew steepened, indicating increased demand for downside protection.
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