Bull bets Ford has more gas in tank
Chris McKhann | email@example.com
More than 25,000 each of the September 17 and November 18 calls have traded, according to optionMONSTER's Heat Seeker system. Volume was below open interest in the nearer-term strike, indicating that a position was being rolled forward.
optionMONSTER systems detected the sale of September 17 calls for $0.92 and the purchase of November 18 calls for $0.75. The trader is taking some money off the table while buying another two months to position for more upside. (See our Education section)
F is up 3.28 percent to $17.50 this afternoon, trading at its highest level since January 2011. The auto maker's stock has about doubled from the low of a year ago.
More than 206,000 F options have traded, compared to a daily average of fewer than 50,000 in the last month.