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MP Materials call volume above normal and directionally bullish

Bullish option flow detected in MP Materials (MP) with 22,661 calls trading, 2x expected, and implied vol increasing almost 4 points to 73.90%. 4/24 weekly 70 calls and 5/1 weekly 68 calls are the most active options, with total volume in those strikes near 7,500 contracts. The Put/Call Ratio is 0.20. Earnings are expected on May 7th.

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