Mixed options sentiment in Iris Energy (IREN), with shares up $3.48, or 8.33%, near $45.31. Options volume roughly in line with average with 194k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.62. Implied volatility (IV30) dropped 5.11 near 112.3,and above the 52wk median, suggesting an expected daily move of $3.21. Put-call skew steepened, indicating increased demand for downside protection.
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