Benzinga's options scanner just detected over 15 options trades for MP Materials MP summing a total amount of $1,274,650.
At the same time, our algo caught 2 for a total amount of 86,070.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $22.5 for MP Materials over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for MP Materials options trades today is 1668.75 with a total volume of 42,356.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for MP Materials's big money trades within a strike price range of $10.0 to $22.5 over the last 30 days.
MP Materials 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| MP | CALL | TRADE | BULLISH | 01/19/24 | $20.00 | $544.0K | 6.5K | 4.1K |
| MP | CALL | TRADE | BULLISH | 01/19/24 | $20.00 | $150.0K | 6.5K | 10.3K |
| MP | CALL | SWEEP | BULLISH | 03/15/24 | $20.00 | $116.7K | 1.9K | 66 |
| MP | CALL | SWEEP | BULLISH | 01/19/24 | $20.00 | $72.1K | 6.5K | 3.5K |
| MP | CALL | SWEEP | BULLISH | 01/19/24 | $20.00 | $71.3K | 6.5K | 2.5K |
About MP Materials
MP Materials Corp is the largest producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site ofscale in North America.
Current Position of MP Materials
- Trading volume stands at 4,242,382, with MP's price up by 2.59%, positioned at $18.63.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 63 days.
Expert Opinions on MP Materials
In the last month, 1 experts released ratings on this stock with an average target price of $26.0.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on MP Materials with a target price of $26.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MP Materials with Benzinga Pro for real-time alerts.
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Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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