Mixed options sentiment in Iris Energy with shares up 2.64%

Mixed options sentiment in Iris Energy (IREN), with shares up $1.46, or 2.64%, near $56.60. Options volume roughly in line with average with 262k contracts traded and calls leading puts for a put/call ratio of 0.33, compared to a typical level near 0.48. Implied volatility (IV30) dropped 4.3 near 105.23,and above the 52wk median, suggesting an expected daily move of $3.75. Put-call skew steepened, indicating increased demand for downside protection.

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