Bullish option flow detected in Iris Energy with 13,476 calls trading, 1.4x expected, and implied vol increasing almost 11 points to 136.01%. 3/28 weekly 6 calls and 3/22 weekly 5 calls are the most active options, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 0.26. Earnings are expected on May 9th.
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