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MP Materials put volume heavy and directionally bearish
The Fly

MP Materials put volume heavy and directionally bearish

Bearish flow noted in MP Materials with 10,600 puts trading, or 12x expected. Most active are Jan-26 5 puts and Jan-25 15 calls, with total volume in those strikes near 10,700 contracts. The Put/Call Ratio is 15.14, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 1st.

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