OptionsHouse

Options Trading News

September 21, 2012  Fri 9:55 AM CT

F: SEE CHART GET CHAIN FIND STRATEGIES
Ford has been rebounding from a long slump, and one trader apparently believes that the auto maker will hold its recent gains through mid-2013.

A trader sold 7,500 June 7 puts for $0.15, according to optionMONSTER's tracking systems. Open interest in the strike at the beginning of the day was just 368 contracts, so this is clearly new activity.

F is off a penny this morning at $10.43 after ending Wednesday's session at $10.59, its highest close since June 20. Shares hit $8.82 at the start of August, their lowest level since November 2009.

The put selling sees Ford remaining range-bound through that long-term expiration. The trader has an initial bullish bias but can profit with the stock anywhere above $6.85 at expiration. (See our Education section)
Share this article with your friends


Related Stories

F

Trader thinks Ford will stall

March 24, 2015

The auto maker has been stalling at a key level where it crashed last summer

F

Butterfly takes wing in Ford Motor

March 23, 2015

The auto maker has benefited from strong sales and improving employment, and a three-way spread is looking for shares to challenge resistance.

F

Notable option activity in equities

March 20, 2015

Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system.

F

How one investor is hedging Ford

March 6, 2015

The auto maker's shares had been range-bound for several months but broke above their 200-day moving average in early February.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Free Webinar

Education & Strategy

Introduction to Theta

This week, we continue our discussion of the strike-based Greeks with Theta...

View more education articles »