Notable profits for the buyer who lifted the $0.61 offer for 2,090 MP Materials (MP) Apr-26 42 puts yesterday at 10:10ET when underlying shares were trading at $50.15. Shares closed at $45.59, and the puts at $1.76 for a mark-to-market profit of 188%, or $239K, on the $127K outlay.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MP:
- Trump Trade: TotalEnergies to shift capital from wind to natural gas
- Trump to launch ‘Pax Silica’ fund to invest in energy, semis, NYT reports
- Midday Fly By: Musk to start Terafab project, Elliott takes stake in Synopsys
- CEO repositions MP Materials at key rare earths supplier, CBS News reports
- MP Materials call volume above normal and directionally bullish
