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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 1,597 puts trading, or 5x expected. Most active are May-24 15 puts and Feb-24 22.5 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 10.24, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 22nd.

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