Ford (F) adds a nickel to $9.64 in active trading of 13.3 million shares. Options volume in the automaker is 52,000 calls and 6,400 puts so far. The top trade is a 10000-lot of Sep 10 calls for 15 cents on ISE. Data from ISE is indicating an opening customer buyer. At the same time, a 5000-lot of the expiring Aug 9 calls traded on the stock at 66 cents per contract on ISE and, although it seems odd is an opening seller, according to ISEE. This 1X2 call spread is probably tied to a block of 500K shares at $9.70. The Weekly 10 calls that expire on 8/24 on Ford are also busy. The flow includes a multi-exchange sweep of 5,633 contracts and is an opening firm buyer, according to ISEE. 9,637 traded. Oct 10, Mary 11, Jan 12.5, Sep 9, and Dec 9 calls are also seeing interest and 30-day implied volatility in the options on Ford is probing 52-week lows at 25.
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.