Notable Call Options Activity in Magna International

Shares of Magna International (NYSE: MGA) are lower on the session by 1.63%, currently trading at $39.25. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average.

Options traders are focusing on calls today. A short while ago the November 2011 $40.00 call traded 1,000 times on open interest of 153 contracts.

Calls are outpacing puts today by 76 to 1.

Magna International Inc. is a diversified global automotive supplier. It designs, develops and manufactures technologically advanced automotive systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks.