Call Buying Activity in Magna International (MGA) Targets 9.5% Upside Through Mid-June -Susquehanna

April 13, 2021 2:00 PM EDT

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Susquehanna options strategist Alison Edwards notes call buying activity in Magna International (NYSE: MGA), as an opening investor purchased 5k Jun 97.5 Calls most for $2.95. This investor opens upside exposure through mid-June, breaking even on a 9.5% rally through mid-June.

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