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Iris Energy call volume above normal and directionally bullish

Bullish option flow detected in Iris Energy with 17,475 calls trading, 2x expected, and implied vol increasing over 9 points to 118.48%. Sep-24 7.5 calls and Sep-24 8 calls are the most active options, with total volume in those strikes near 11,700 contracts. The Put/Call Ratio is 0.05. Earnings are expected on November 21st.

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