Moderately bullish activity in Iris Energy (IREN), with shares down $5.26 near $62.72. Options volume roughly in line with average with 327k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 6.9 points near 140.99, in the highest 10% of observations over the past year, suggesting an expected daily move of $5.57. Put-call skew flattened, suggesting a modestly bullish tone.
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