Magna International Inc (MGA) $39.78 -0.50%
December 35 puts on Magna International (MGA, news, chart, volatility) are being bought. Total volume is running six times the usual, which includes 8,500 puts and 62 calls early Thursday. 6 trades (4,500, 1,250, 1,000, 500, 500, and 300 contracts) recently printed on the offer for $6.00 a contract. Shares of the Aurora, Ontario auto parts company are down 23 cents to $39.75 and directional sentiment based on today’s early order flow in the options market is 100 percent bearish.
Category: All Stocks, Automobiles & Parts, Mid Cap Stocks
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
