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MP Materials call volume above normal and directionally bullish

Bullish option flow detected in MP Materials with 9,573 calls trading, 13x expected, and implied vol increasing over 7 points to 65.31%. Apr-24 17.5 calls and May-24 20 calls are the most active options, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 0.08. Earnings are expected on May 2nd.

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