Option traders moderately bearish in Iris Energy (IREN), with shares down 26c near $33.83. Options volume running well above average with 160k contracts traded and calls leading puts for a put/call ratio of 0.76, compared to a typical level near 0.67. Implied volatility (IV30) is higher by 1.6 points near 96.58,and below the 52wk median, suggesting an expected daily move of $2.06. Put-call skew steepened, indicating increased demand for downside protection.
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