- Entry
- $60.98
- Final
- $50.30 -17.5%
- Target
- —
- Score
- +1.00
IREN is up \~90% in 5 weeks ($31 → $60) into Thursday’s Q3 FY26 print and I think this is a textbook sell-the-news setup. The biggest bullish catalyst everyone’s chasing — the 1.4GW Sweetwater energization — physically happens in April, which is Q4 FY26, not the quarter being reported. That means the actual numbers tomorrow can’t show Sweetwater impact; best case is bullish forward commentary, which is already priced in at $60 with analyst PTs averaging $72 and B. Riley …
— ORIGINAL POST ·
Fading $IREN into earnings - Puts & Shorts is the way to go
· r/wallstreetbets
· May 7, 2026