Moderately bullish activity in MP Materials (MP), with shares down $3.60 near $58.35. Options volume relatively light with 7009 contracts traded and calls leading puts for a put/call ratio of 0.68, compared to a typical level near 0.6. Implied volatility (IV30) is higher by 2.8 points near 73.36,and above the 52wk median, suggesting an expected daily move of $2.70. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Outperform at BMO Capital.
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