Moderately bullish activity in Iris Energy (IREN), with shares up $1.78, or 3.85%, near $48.12. Options volume relatively light with 56k contracts traded and calls leading puts for a put/call ratio of 0.64, compared to a typical level near 0.53. Implied volatility (IV30) dropped 2.85 near 99.05,and below the 52wk median, suggesting an expected daily move of $3.00. Put-call skew flattened, suggesting a modestly bullish tone.
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