Ford (F) is seeing relative strength and brisk trading continues in Ford options. Shares added 36 cents to $17.36 early Tuesday and the top trade looks like a Dec 14 – 16 (2X1) put ratio spread, bought at 26 cents, 4816X on ISE. Ford December 16 puts are today’s most actives. Dec 18 calls are the 2nd, with 10800 traded and 81 percent trading at the ask. Trading was busy in Ford yesterday as well on positive comments from Jim Cramer and ahead of GM’s offering (see 11/15 color).
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.