Mixed options sentiment in Iris Energy (IREN), with shares up 48c, or 4.88%, near $10.31. Options volume roughly in line with average with 55k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.27. Implied volatility (IV30) dropped 13.39 near 82.11,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.53. Put-call skew steepened, indicating increased demand for downside protection.
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