Bullish option flow detected in MP Materials (MP) with 9,646 calls trading, 1.4x expected, and implied vol increasing almost 2 points to 75.20%. 3/6 weekly 63 calls and 3/6 weekly 61 puts are the most active options, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 0.55. Earnings are expected on May 7th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MP:
- MP Materials call volume above normal and directionally bullish
- MP Materials Stock (MP) Primed for Growth; China’s Grip on Rare Earths Will Weaken, Say Analysts
- MP Materials reports Q4 adjusted EPS 9c, consensus 2c
- MP Materials to develop rare earth magnet manufacturing campus in Northlake
- Rare earth suppliers to U.S. aerospace firms face shortages, Reuters says