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.
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