Options traders show strong interest in Iren, an under-the-radar AI-focused data center company
Iren, a data-center company with an $18 billion market cap, has attracted significant attention from options traders, with two of the top 20 biggest options trades on Thursday. The company's options activity exceeded that of larger peers like Equinix and Digital Realty Trust combined, and surpassed the volume in the VanEck Semiconductor ETF. The stock has surged 770% over the past year as it shifted focus to AI customers.
Tickers: $DLR PRJ $EQIX $IREN $SMH
Topics: AI data centers implied volatility options trading volume