Bullish option flow detected in Iris Energy with 12,765 calls trading, 4x expected, and implied vol increasing over 5 points to 138.68%. 3/1 weekly 7 calls and 3/1 weekly 6.5 calls are the most active options, with total volume in those strikes near 8,200 contracts. The Put/Call Ratio is 0.04. Earnings are expected on May 9th.
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