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Mixed options sentiment in Iris Energy with shares up 3.57%

Mixed options sentiment in Iris Energy (IREN), with shares up 60c, or 3.57%, near $17.55. Options volume running well above average with 189k contracts traded and calls leading puts for a put/call ratio of 0.32, compared to a typical level near 0.25. Implied volatility (IV30) dropped 4.46 near 101.24,and below the 52wk median, suggesting an expected daily move of $1.12. Put-call skew steepened, indicating increased demand for downside protection.

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