Moderately bullish activity in Iris Energy with shares up 9.26%

Moderately bullish activity in Iris Energy (IREN), with shares up $1.81, or 9.26%, near $21.41. Options volume running well above average with 176k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.47. Implied volatility (IV30) dropped 6.43 near 104.8,and above the 52wk median, suggesting an expected daily move of $1.41. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Iris Energy (IREN) will report earnings after the close on 2025-08-28.Option markets are pricing in a 50% probability of a move greater than 14.49% or $3.10.