Ford Motor (F) is rolling 56 cents higher to $10.97 and investors are revved about the company’s better-than-expected earnings, released Tuesday morning. 40 million shares and 92,000 options already traded on Ford. The flow includes about 78,000 calls and 14,000 puts. One player recently bought 11,111 Dec $12 calls on the automaker for 11 cents per contract on AMEX. The block of calls is tied to 200K shares at $10.89. Separately, a 12,000-lot of Nov 11 calls trades for 19 cents when the market was 18 to 19 cents. It looks tied to 200K Ford shares as well. 17,530 Nov 11 calls now traded on the stock. Meanwhile, 30-day implied volatility in Ford options is down 11.5 percent to 27.5
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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.