Lakers Offseason
Superstar
yup. just purchased 10 Ford call contracts that expire June 22. Hoping for the same
Good luck breh
Most Active Options: AIG, Ford Motor Company (F), Citigroup Inc (C) | Daily Option Blog | Schaeffer's Investment Research
Ford Motor Company (NYSE:F) rallied to a two-year peak of $15.72 today, after its domestic sales analyst Erich Merkle predicted an annual U.S. sales rate in May of 15.5 million vehicles. The company is slated to unveil its full monthly sales report next Monday at 9:30 a.m. ET. This positive price action is just more of the same for a stock that's tacked on more than 21% in 2013, and perhaps prompted one speculator in today's session to forecast a longer-term uptrend. The equity's September 16 call is the most active strike today, where the lion's share of volume has emerged from a single block of 25,000 contracts that traded on the International Securities Exchange (ISE) shortly after noon. The out-of-the-money calls crossed at the ask price of $0.65, implied volatility is higher, and data from both the ISE and Trade-Alert confirm the opening of new positions. Given the initial premium paid, breakeven for the call is $16.65. Meanwhile, the company received a price-target increase from Bank of America-Merrill Lynch yesterday. With the consensus 12-month price target for F sitting at $15.77 -- or, a chip shot away from the stock's current perch at $15.69 -- the security could benefit from an additional round of upbeat analyst attention.