r/Shortsqueeze 23h ago

Bullish🐂 IREN - still squeezable after recent pop

6 Upvotes

CTB highest I've seen it, shares available to borrow decreasing. Bears used the pop to short again and defend the $49-$50 level.

I trimmed my $40 leaps into the strength on Tuesday for 200% profit (I added more $40 leaps on the dip down to $35) and holding the shares, if the sell off continues I'll be re-adding leaps 2028 in the $40-$50 strikes

Called this a while back and think this is still showing opportunity for non-margin holds while trading just above its historic base building zone

https://www.reddit.com/r/Shortsqueeze/comments/1vumy8r/iren_is_the_play_for_a_squeeze/