Moderately bullish activity in Iris Energy with shares up 4.42%

Moderately bullish activity in Iris Energy (IREN), with shares up $2.65, or 4.42%, near $62.74. Options volume running well above average with 152k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.52. Implied volatility (IV30) dropped 3.23 near 120.55,in the top quartile of the past year, suggesting an expected daily move of $4.76. Put-call skew flattened, suggesting a modestly bullish tone.