Bullish option flow detected in Iris Energy with 31,804 calls trading, 1.7x expected, and implied vol increasing almost 9 points to 100.82%. 4/11 weekly 7 calls and 4/4 weekly 7 calls are the most active options, with total volume in those strikes near 12,700 contracts. The Put/Call Ratio is 0.27. Earnings are expected on May 14th.
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