Options Trading News

July 24, 2013  Wed 11:29 AM CT

Ford reported strong earnings this morning, and one large trader is looking for more gains in the next few months.

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.
Share this article with your friends

Invest Like a Monster - San Antonio: October 9-10


The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

The covered call and unhedged risk

I have written a few things on the Covered Call Strategy over the last two weeks. Please understand that those two previous articles plus this one do not constitute a proper, fully in-depth lesson on the Covered Call Strategy like we have in our classes at Option Monster Education. I have picked out a few topics that I believe were worth noting and today I am going to add the final one.

View more education articles »