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ONLY 1 DAY REMAINING FOR SPECIAL DISCOUNTED MEMBERSHIP RATES
Option Activity for Ford Motor Company (F)
Tuesday, June 29, 2010
Put traffic has picked up on Ford Motor Company (F) today, with roughly 55,000 puts traded by midday -- triple the stock's usual daily put volume of just 17,000 contracts.The July 9 put has been most popular today, with 14,129 contracts traded -- 82% at the bid price, suggesting they were sold. With today's volume exceeding open interest at this strike, it seems a portion of these puts were sold to open. In other words, traders are counting on F to remain above the $9 level in the next few weeks.
One strike lower, 8,369 contracts have traded on the July 8 put -- most at the bid price. There are roughly 2,300 contracts currently open at this strike, revealing these puts are newly added. F has not closed beneath $8 since late 2009.Technically speaking, F has been in a downtrend lately and today slipped beneath round-number support at the $10 level. This level is also the site of its 10-month moving average, which has supported F since April 2009.
In the past month, short interest spiked by 3.3%, and now accounts for a significant 10.1% of F's total available float. Should F regain long-term trend line support, this healthy supply of sideline cash could help send F higher.
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Back to Stock Options Made Easy from Options News - June 29, 2010
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