Moderately bullish activity in Iris Energy (IREN), with shares up $2.58, or 4.97%, near $54.41. Options volume roughly in line with average with 144k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.51. Implied volatility (IV30) dropped 2.19 near 134.55, in the highest 10% of observations over the past year, suggesting an expected daily move of $4.61. Put-call skew flattened, suggesting a modestly bullish tone.
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