Mixed options sentiment in MP Materials (MP), with shares up $2.48, or 4.25%, near $60.69. Options volume relatively light with 16k contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.57. Implied volatility (IV30) dropped 4.01 near 69.53,and below the 52wk median, suggesting an expected daily move of $2.66. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Outperform at BMO Capital.
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