Massive prints in Ford Motor (F) Friday morning. Shares are up 16 cents to $10.78 and one player bought 150K Sep 12 calls. They also sold 75K Sep 14 calls and sold 75K Sep 15 calls. They paid 68 cents for the spread. Looks like a new position (although the 14s might close) and a bet that the automaker’s shares will climb towards $14 through the September expiration. Earnings due out late July, early August.

2 users commented on " Ford Motor Company (F) $10.79 +1.55% "
Follow-up comment rss or Leave a TrackbackI think they paid $0.34 (=$0.41 – ($0.09+$0.05)/2), right?
yes, prices are correct. Some would say, 41 X 2 – 9 – 5, or 68 debit because there’s twice as many of the 12s. If it was a tree (1 X 1 X 1) instead of a ratio spread (2 X 1 X 1), it would be 34 cents.