Bearish flow noted in MP Materials with 1,327 puts trading, or 3x expected. Most active are Jan-26 5 puts and Dec-24 15 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 6.29, while ATM IV is up over 1 point on the day. Earnings are expected on August 1st.
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 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?
- MP Materials downgraded to Neutral from Overweight at JPMorgan
- Australian Stocks: Rinehart Grabs Big Stake in Lynas Rare Earths (LYC), Shares Soar