Mixed options sentiment in MP Materials (MP), with shares down $2.40 near $72.63. Options volume roughly in line with average with 50k contracts traded and calls leading puts for a put/call ratio of 0.59, compared to a typical level near 0.5. Implied volatility (IV30) dropped 1.18 near 70.28,and above the 52wk median, suggesting an expected daily move of $3.22. Put-call skew steepened, indicating increased demand for downside protection.
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