Iris Energy Option Alert: Aug 16 $10 Calls Sweep (9) near the Ask: 500 @ $0.6 vs 28011 OI; Earnings 5/17 After Close [est] Ref=$5.3
Portfolio Pulse from Charles Gross
Iris Energy saw significant options activity with a sweep of 500 Aug 16 $10 calls at $0.6, against an open interest of 28,011, ahead of its earnings report on May 17. The stock reference price was $5.3.
May 06, 2024 | 3:31 pm
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Iris Energy's options activity indicates investor speculation or hedging ahead of its earnings report. The stock's reference price is $5.3.
The significant options activity, particularly the purchase of calls, suggests that investors are speculating on a positive earnings report or seeking to hedge their positions. This could lead to increased volatility or a potential uptick in Iris Energy's stock price in the short term, especially if the earnings report exceeds market expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90