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Iris Energy call volume above normal and directionally bullish

Bullish option flow detected in Iris Energy with 11,676 calls trading, 1.8x expected, and implied vol increasing over 1 point to 137.68%. 3/28 weekly 7 calls and May-24 7.5 calls are the most active options, with total volume in those strikes near 4,800 contracts. The Put/Call Ratio is 0.26. Earnings are expected on May 9th.