Moderately bullish activity in Iris Energy (IREN), with shares up 74c, or 5.68%, near $13.86. Options volume nearly triple the daily average with 301k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.22. Implied volatility (IV30) dropped 20.44 near 95.54,in the bottom quartile of the past year, suggesting an expected daily move of $0.83. Put-call skew flattened, suggesting a modestly bullish tone.
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