Moderately bullish activity in MP Materials (MP), with shares up $1.75, or 2.9%, near $61.90. Options volume relatively light with 23k contracts traded and calls leading puts for a put/call ratio of 0.74, compared to a typical level near 0.58. Implied volatility (IV30) is higher by 3.1 points near 70.52,and below the 52wk median, suggesting an expected daily move of $2.75. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Outperform at BMO Capital.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MP:
- A Quant Approach to Trading MP Materials Stock (MP)
- Mixed options sentiment in MP Materials with shares up 4.25%
- MP Materials Stock Surges after BMO Calls It the ‘U.S. Rare Earth Champion’
- MP Materials price target lowered to $94 from $112 at BofA
- Video: Biogen up after Novo weight-loss drug fails to slow Alzheimer’s progress