Moderately bullish activity in MP Materials (MP), with shares down 69c near $74.26. Options volume relatively light with 44k contracts traded and calls leading puts for a put/call ratio of 0.43, compared to a typical level near 0.5. Implied volatility (IV30) is higher by 1.3 points near 73.86,in the top quartile of the past year, suggesting an expected daily move of $3.46. Put-call skew flattened, suggesting a modestly bullish tone.
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