Quantchabot has detected a new Bull Call Spread trade opportunity for MAGNITE INC. COMMON STOCK (MGNI) for the 16-Oct-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
MGNI was recently trading at $24.82 and has an implied volatility of 54.52% for this period. Based on an analysis of the options available for MGNI expiring on 16-Oct-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $24.93-$30.17 at expiration. In this scenario, the average linear return for the trade would be 17.65%.
Big 8.41% Change: After closing the last trading session at $22.89, MAGNITE INC. COMMON STOCK opened today at $22.92 and has reached a high of $24.97.
Trade approach: A movement as big as 8.41% is a significantly bullish indicator, so this trade is designed to be profitable if MGNI maintains its current direction and does not revert back to pricing on the bearish side of $24.82 on 16-Oct-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if MAGNITE INC. COMMON STOCK closes at or above $22.95 on 16-Oct-2026. Based on our risk-neutral analysis, there is a 66.86% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
Leave a Reply
You must be logged in to post a comment.