Options traders love this under-the-radar AI play
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Source: CNBC
Published: 2026-05-08 04:27 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, Economy & Finance, Financial Markets, Trade & Sanctions, Business & Economy, Technology
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Snippet:
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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