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Winner: 50.64% On MGA Call Options

|Includes: Magna International Inc. (MGA)

Yesterday we closed out our MGA 16JUN17 42.50 Call Options for a gain of 50.64% on our LONG trade.

We recommended going LONG Magna Int (NYSE:MGA) in our SA Article Magna Int:Good Entry Point, published on February 3, 2017.

In our article we had forecast an upward target price of $49.00. Yesterday the stock hit what appears to be short-term resistance at the $47.00 level and we decided to lock in our gains.

For investors in the shares we recommend holding for the $49.00 upward target price.

Real-time trade alerts on our options trades will be available in our soon to be launched service ChartMasterPro.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.