Moderately bullish activity in Iris Energy (IREN), with shares up $1.69, or 10.27%, near $18.14. Options volume roughly in line with average with 155k contracts traded and calls leading puts for a put/call ratio of 0.18, compared to a typical level near 0.35. Implied volatility (IV30) is higher by 4.3 points near 98.87,and below the 52wk median, suggesting an expected daily move of $1.13. Put-call skew steepened, indicating increased demand for downside protection.
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