Trade Ideas
UOA PRO New Trade Idea MAGS 8-3
7,500 18September 72 calls bought for 1.25 to 1.55 above open interest of 783 contracts. Stock 68.57-68.61.
New Trade Idea
Ticker: MAGS
Stock: 68.61
Trigger: 69.10
Targets/Resistance: 69.30, 70.91, 71.16
Expiration Date: 18SEP
UOA:
08/03/2026 1:43:57 PM MAGS Bullish Call Buying 68.61 7,500 18September 72 calls bought for 1.25 to 1.55 above open interest of 783 contracts. Stock 68.57-68.61.
08/03/2026 1:42:40 PM MAGS Bullish Call Buying 68.69 10,000 18September 74 calls bought for 0.80 to 1.00 above open interest of 137 contracts. Stock 68.58-68.69.
MAGS $68.58 Last.
2 large Sept. OTM call trades hit in short order. MAGS were already jamming and these certainly could be hedges but this could be a prelude to another phase of “rebound melt”. ST OB already so just be careful in handling that if this triggers, otherwise the charts are supportive. Back > all SMAs.
Trigger: $69.10.
Strategy 1: Consider the MAGS 18Sept. 70.00 calls for $2.40 projected at trigger level today.
Targets: 69.30, 70.91, 71.16