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Iris Energy call volume above normal and directionally bullish
The Fly

Iris Energy call volume above normal and directionally bullish

Bullish option flow detected in Iris Energy with 8,120 calls trading, 1.4x expected, and implied vol increasing almost 4 points to 143.49%. Apr-24 5.5 calls and Nov-24 7.5 puts are the most active options, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 0.34. Earnings are expected on May 9th.

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