Bullish option flow detected in MP Materials with 1,872 calls trading, 1.7x expected, and implied vol increasing over 2 points to 52.40%. Jan-25 12.5 calls and Jul-24 15 calls are the most active options, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 0.43. Earnings are expected on August 1st.
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Read More on MP:
- MP Materials price target lowered to $24 from $25 at BofA
- MP Materials price target lowered to $14 from $15.50 at Morgan Stanley
- MP Materials call volume above normal and directionally bullish
- MP Materials put volume heavy and directionally bearish
- MP Materials price target lowered to $14.50 from $15 at Deutsche Bank
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