$IREN just got added to the Russell 1000 but is trading down 3% on the day, which is the kind of dislocation that gets attention. OTM call volume is heavy on Jul 2 expiries across multiple strikes, and the Jul 17 $53Cs are hitting the tape too. The index rebalancing should bring forced buying, so the call flow may be positioning ahead of that. Small position with a couple weeks of runway is the read here if you want exposure.
Aggregated and distilled by Two Sentence Traders. Not financial advice.