Options traders love this under-the-radar AI play
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CNBC — For an $18 billion market-cap company, data-center owner Iren trades like one of the AI giants.
The company had two of the top 20 biggest options trades in the market on Thursday and a total $173 million of premium traded hands, with 73% of that in calls.
By comparison, less than a million dollars of options traded in total between data-center real-estate stocks Equinix and Digital Realty Trust, whose combined market cap is almost ten times Iren's.
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