In this [Selling Puts on MGA | Magna International Inc | Quick Take] video 🎥, we will be discussing a couple of updates to our puts ROIC Google sheet. I recently added a new company, MGA, to our sheet and we will be taking a closer look at it. MGA is a Canadian auto parts company that was identified by our options roic tool. We will also be discussing the potential trading opportunities for this stock based on its fundamentals and technical setup.
MGA currently has a 40 strike price and a current expiration date. You can access their profile through the links provided in the comments column. This company is optionable and pays a small dividend of 4%. Despite recent negative sentiment in the auto parts industry, MGA has a strong potential for upside with a low PE and a solid support level at 40.
We will also be looking at MGA’s chart on Chart Mill, a resource that can be found on our homepage 👉 http://BeachBmTrading.com The setup for MGA looks very positive, making it a potential short-term swing trade or a candidate for selling puts. However, it is important to note that MGA does have some risk of bankruptcy, so it may not be a good candidate for holding shares long-term.
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00:00 – MGA
03:40 – BeachBum Trading Sites
04:28 – Discord Invite
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