The Moon does not currently possess a dynamo, but its crust contains numerous magnetic anomalies detected from orbit. The geologic origins of these anomalies are still unknown, including the archetypal Reiner Gamma magnetic anomaly. To gain insight, we study a small magnetic anomaly, herein called the octopus, which is possibly associated with Reiner Gamma. The octopus has curving bright albedo patterns characteristic of features known as swirls. We use high cadence 9 Hz Lunar Prospector magnetometer data, along with constraints provided by this swirl's albedo pattern, to perform inversions for the swirl's magnetic source body characteristics. We use three different inversion methods, and they all return similar results. We also estimate the depth of magnetization from characteristics of the horizontal component of the magnetic field and the albedo pattern. We find that performing inversion for source body properties at small swirls has advantages compared to larger anomalies, or anomalies without albedo markings. We find the octopus is magnetized in the same direction as the main Reiner Gamma anomaly (within 1σ uncertainties), suggesting they formed contemporaneously. The large spatial distance between these coeval anomalies and their inferred shallow source body depths are compatible with formation in a hot ejecta deposit that cooled in the presence of a dynamo field, as suggested by Hood et al. (2001). However, a key remaining enigma is why the northeastern Reiner Gamma “tail” formation has a magnetization direction ∼60° different from the main body and octopus.