Moderately bullish activity in Iris Energy with shares down 9.72%

Moderately bullish activity in Iris Energy (IREN), with shares down $5.95 near $55.25. Options volume running well above average with 501k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.48. Implied volatility (IV30) is higher by 4.0 points near 109.53,and above the 52wk median, suggesting an expected daily move of $3.81. Put-call skew flattened, suggesting a modestly bullish tone.

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