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3,000 Upside Calls Trade in Magna International Inc. (Symbol: MGA)

3,000 Upside Calls Trade in Magna International Inc. (Symbol: MGA)

OptionWatch:

Posted July 1, 2025 at 11:15 am

Jeff Praissman
Interactive Brokers

This morning 3,000 December 19th ’25 50 calls traded for $0.50 in Magna International Inc. (Symbol: MGA). The open interest this morning was less than 50 contracts, so this was an opening trade. The calls have a 13 delta, so the trade is the equivalent of 39,000 shares of stock. The NBBO at the time of the trade was $0.35/$0.60 so the investor most likely bought the upside calls paying $0.10 less than the posted offer.

At the time of the trad MGA was trading at $39.06. Currently MGA is trading at $39.29. MGA has a 52-week high of $46.61 and a 52-week low of $30.39. The investor may be speculating that MGA will continue to rise of the next six months prior to December’s expiration.

The investor may be speculating that MGA will continue to rise of the next six months prior to December’s expiration.

Source: IBKR TWS. Past performance is not indicative of future results

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2 thoughts on “3,000 Upside Calls Trade in Magna International Inc. (Symbol: MGA)”

  • Roger B Fox

    I really appreciate this information but referring to a call option as an “upside” call sounds moronic. What exactly is an “upside” call. Oh wiat an minute, I get it. Let’s see, if I buy one I hope the underlying goes “UP”. Brilliant. But what if sell one. Is it ok then if I refer to it as a “downside” call?

  • MyThoughtsExactly

    If you’re going to be unnecessarily rude, not proofing your criticism for simple misspelled words, missing words, incorrect punctuation, and poor sentence structure might make you look less credible to some. I’m not going to say it makes you look moronic, even if it was necessarily rude, but I can imagine others thinking that. Be nice. There’s already too much nastiness going on around the world.

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