Bearish flow noted in Iris Energy with 34,772 puts trading, or 5x expected. Most active are 4/11 weekly 5 puts and Jan-26 7.5 puts, with total volume in those strikes near 27,000 contracts. The Put/Call Ratio is 2.10, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 14th.
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