Long Call Butterflies for Pinning
Call Butterfly12 trades pass on MAGS
- Return on risk
- 135.3% to 900.0%
- Probability of profit
- 7.9% to 61.5%
ETFETF
As of the close on . In the app, stock prices are live and options data is refreshed intraday.
MAGS closed at $71.26 on Oct 28, 2026 with 30-day implied volatility of 23.5%. That is in the lower half of its one-year range (IV rank 28), so premiums are on the modest side for MAGS. Measured by IV percentile, IV is higher than 29% of the past year's readings. Options expiring Nov 27 (30 days out) price a one standard deviation move of about $4.81, or 6.7%.
The price is above both its 50-day (+0.6%) and 200-day (+7.5%) moving averages. It is 4.1% below its 52-week high and 28.7% above its 52-week low. The 14-day RSI of 47.8 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $1.20, about 1.7% of the price, a measure of a typical day's range.
Option volume at the close (24K contracts) was 1.5x its average, busier than usual. A beta of 1.46 means MAGS has tended to move about 1.5 times as much as the broad market. 2 of our preset screens found trades on MAGS at the close, led by Long Call Butterflies for Pinning with 12 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Oct 30, 20262 days | 44.3% | ±$2.34 (3.3%) | $68.92 to $73.60 | $1.88 |
| Nov 27, 202630 days | 23.5% | ±$4.81 (6.7%) | $66.45 to $76.07 | $3.83 |
| Dec 18, 202651 days | 25.6% | ±$6.83 (9.6%) | $64.43 to $78.09 | $5.45 |
| Jan 15, 202779 days | 24.4% | ±$8.09 (11.3%) | $63.17 to $79.35 | $6.45 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for MAGS from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
12 trades pass on MAGS
9 trades pass on MAGS
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.