Bullish option flow detected in MP Materials with 3,713 calls trading, 2x expected, and implied vol increasing over 2 points to 51.44%. Sep-24 15 calls and Dec-24 15 calls are the most active options, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 0.28. Earnings are expected on August 1st.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MP:
- MP Materials put volume heavy and directionally bearish
- MP Materials price target lowered to $14.50 from $15 at Deutsche Bank
- MP Materials reports Q1 adjusted EPS (4c), consensus (2c)
- XME, PICK, COPX: Proposed Mining Mega Deal Bullish for These ETFs
- XME ETF: Time to Check Out Metals and Mining Stocks?