Mixed options sentiment in MP Materials (MP), with shares down $2.25 near $59.70. Options volume relatively light with 37k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.52. Implied volatility (IV30) dropped 1.27 near 79.53,in the top quartile of the past year, suggesting an expected daily move of $2.99. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Deutsche.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MP:
- Mixed options sentiment in MP Materials with shares down 2.34%
- Trump Trade: President considers opening California to offshore drilling
- China creates plan to prevent rare-earth materials from U.S. military, WSJ says
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!
- MP Materials Stock (MP) Pops on Upgrade. What the Call Signals for Rare Earth Stocks