MGTX Profit Protection
RSI: 75 IV: 64%Current Price: $13.92 Updated: Jul 5, 2026 10:36 PM ET
Why Protect MGTX Now?
RSI above 70 historically signals mean reversion risk
Extended above moving average - potential pullback zone
Strong gains to protect - consider locking in profits
3 Protection Strategies
Zero-Cost Collar
Sell call to fund put - often $0 net cost
Sell $15 Call @ $0.55 to buy $10 Put @ $0.55 for ~$0 net cost.
| Action | Type | Strike | Premium |
|---|---|---|---|
| BUY | PUT | $10.00 | $0.55 |
| SELL | CALL | $15.00 | $0.55 |
Covered Call
Generate income - caps upside but cushions downside
Generate income by capping upside at $15.00
| Action | Type | Strike | Premium |
|---|---|---|---|
| SELL | CALL | $15.00 | $0.55 |
P&L Comparison (100 Shares)
See how each protection strategy performs compared to holding unhedged shares.
| Scenario | No Protection | Zero-Cost Collar | Covered Call |
|---|---|---|---|
| Stock -20% ($11) | $-278 | $-278 | $-223 |
| Unchanged ($14) | $0 | $0 | +$55 |
| Stock +20% ($17) | +$278 | +$108 | +$163 |
P&L calculated at expiry. Actual results may vary based on time decay and IV changes.
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Use our Options Profit Calculator to model any protection strategy with your preferred strikes and expiry dates.