MP Materials: Bearish Re-Entry of the 1.13 Extension

25 Mar 2022This first entry got stopped out and now MP Materials is higher, however it is now hitting the 1.13 retrace and may be setting up to come back down within the range if this is a false move like i expect it is. I will officially call the trade off it it trades above the level of $62 and my profit taking targets will be first $30 then $10. I will be trading this in the form of puts around the current price expiring several months out from now.