MP $38C went +65,900% in a day after 45% move in underlying
MP Materials exploded today on the DoD contract news, up \~45%.
This $38C expiring July 11 went from $0.01 to $6.60, for a +65,900% gain. Last trade was $6.60 x3. Bid size at $6.20 x182, ask size $6.60 x49.
If you had thrown $1,500 at this yesterday, you would have cleared a $1M gain.
Anyone tracking unusual volume before the move? Or did this truly come out of nowhere?
I'm posting this here for you to talk about. The position details are included in the screenshot for reference purposes onl... more