MGIC Investment Corp (MTG) $4.65 +4.26%
Big Print in MGIC (MTG) after one strategist paid 42 cents for Mar 4.5 calls, 40,000X vs 2.5 million shares at $4.49. It possibly closes out a position opened last week. On Feb 7, 14,286 traded at a VWAP of 50.2 cents. On Feb 9, 28,791 traded at 47.3 cents. MTG is unchanged since Feb 9 and the calls are being bought back to close. Implied volatility is up 10 percent and remains elevated at 81.5 percent today. Earnings were reported on Jan 24.
Category: All Stocks, Financial Services, Small Cap Stocks
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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.
