Bullish option flow detected in Iris Energy with 12,957 calls trading, 1.6x expected, and implied vol increasing over 9 points to 104.88%. 6/28 weekly 11 calls and Jan-25 5 puts are the most active options, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 0.38. Earnings are expected on September 12th.
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