Trade of the Day: Buy Magna (MGA) Stock to Profit From EV Sector Fallout

On Monday, unusual options activity for Magna (NYSE:MGA) – an auto parts specialist – shot up to the top of the charts. Specifically, total options volume reached 119,018 contracts, up 1,779.92% against its trailing one-month average. Why so much interest in MGA stock? It could be a speculative bet on a resurgence.Analysts are generally skeptical about Magna. Indeed, MGA stock carries a hold rating. Among 12 covering experts, nine of them rate shares exactly that, a hold.However, the average 12-month foreca ...