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$IREN finished the week with a bearish $39.96M $60 put build. 10,256 contracts against 4,957 OI. While price stayed buried below the EMA stack. ↘️ Options: $36.50M puts vs $21.74M calls ↘️ Block: $60 put 2026-12-18, $39.96M across 9 trades vs 4,957 OI ↘️ Technicals: 21.64, down 10.28% over 5 days; below EMA21/50/200, RSI 36.29 ➡️ Key level: $20.44 support shelf; EMA21 overhead at 27.1

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