Moderately bullish activity in Iris Energy (IREN), with shares up $2.35, or 5.96%, near $41.66. Options volume running well above average with 201k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.63. Implied volatility (IV30) is higher by 3.3 points near 102.73,and above the 52wk median, suggesting an expected daily move of $2.70. Put-call skew steepened, indicating increased demand for downside protection.
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