Moderately bullish activity in Iris Energy (IREN), with shares up 64c, or 1.93%, near $33.48. Options volume relatively light with 40k contracts traded and calls leading puts for a put/call ratio of 0.34, compared to a typical level near 0.51. Implied volatility (IV30) dropped 1.84 near 92.12,in the bottom quartile of the past year, suggesting an expected daily move of $1.94. Put-call skew flattened, suggesting a modestly bullish tone.
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