Ford Motor (F, news, chart, volatility) is seeing action Friday. Shares are up 53 cents, or 26.7 percent, to $2.68 on news General Motors (GM) might be looking to shed Saturn, Saab and Pontiac to win government loans. GM is up 55 cents, or 11. 4 percent, to $5.36 per share. In the options market, trading is brisk in Ford Motors. Recent trades include a block of 10,000 February 5 puts traded offerside for $2.85, which might be tied to a block of 640K shares that traded two minutes later. 14,000 puts have traded in all, compared to 41,000 call options. December 3 and January 2.5 calls are among the most actives, with more than 60 percent trading offerside. Implied volatility is falling towards 160, down from more than 200 Wednesday and more than 300 percent a week ago.