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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MP:
- MP Materials price target lowered to $14 from $18 at Deutsche Bank
- MP Materials price target lowered to $25 from $32 at Northland
- China’s New Export Policy Lifts Shares of MP and UUUU
- China bans exports of certain rare-earth processing technologies, Bloomberg says
Questions or Comments about the article? Write to editor@tipranks.com