Moderately bullish activity in Iris Energy (IREN), with shares up $2.00, or 3.13%, near $65.85. Options volume more than double the daily average with 377k contracts traded and calls leading puts for a put/call ratio of 0.56, compared to a typical level near 0.51. Implied volatility (IV30) is higher by 9.9 points near 130.97, in the highest 10% of observations over the past year, suggesting an expected daily move of $5.43. Put-call skew steepened, indicating increased demand for downside protection.
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