CNBC Stock Blog
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- Global Growth Good for Portfolio: Stock Picker
- Expect Tech Sector to Rise in Q4: Strategist
- Expect a 5-10% Market Pullback: Stock Picker
- 3 Stock Picks for This Volatile Environment: Portfolio Manager
- 3 Financial Stocks May Lead Final Rally: Market Researcher
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Existing-Home Sales Jump To Highest Level in 2-1/2 Years
- Start-Up Proves Everything Really Is Better With Bacon
- Wave of Debt Payments Facing US Government
- Wall Street Finds Profits by Reducing Mortgages
- Cadbury Hits New High as Bidders Circle
- China Asks Its Banks to Slow Down
- MBS Buyback Program Should be Extended: Fed's Bullard
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- Madoff—The Holiday Drink
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- Busch: Markets Smell a Country Rat
- Schork Oil Outlook: Mission Impossible For The Bears?
- S&P Stocks Trading at New 52-Week Highs
- Losey: Asset Allocation At Retirement
- Farrell: Obama Hectored, Ignored and Restricted?
- Don't Dwell on Investment Mistakes; Move on, Like Buffett
- Existing-Home Sales Jump to 2-1/2 Year High
- Wave of Debt Payments Facing US Government
- US Job Losses to Bottom out Next Quarter: NABE
- Obama Jobs Forum May Be More Political Than Practical
- Late Payments on Credit Cards Drop in Third Quarter
- Suze Orman’s 'A Healthier, Wealthier You'
- Latest Holiday Drinks: The Madoff...and the TARPatini
- Madoff Trustee, Law Firm Submit $22.1 Million Bill
- JPMorgan's Dimon Could Succeed Geithner: Report
RSS FEED
Text Size 
writer, OptionMonster
Options action was bullish on Ford Motor today as investors bet that the automaker would rally at least 6 percent in the next four weeks.
OptionMonster's tracking systems detected heavy buying of the August 8 calls, which traded for $0.15 to $0.39. About 43,000 of those contracts have traded so far today, almost four times existing open interest at that strike.
___________________________
CNBC/OptionMonster Trading School:
___________________________
Ford stock [F
Loading...
()
] is up 6.22 percent to $7.85 this afternoon and is up 33 percent in the last month. The stock needs to climb to $8.36 for the calls purchased today to turn a profit. The next apparent catalyst that could drive the shares higher is the release of July sales figures on Monday.
Auto Intelligence:
- House Adds $2 Billion to Cash for Clunkers Program
- POLL: Should 'Clunkers' Program Continue?
- How to Use 'Cash for Clunkers' Program
Ford has more than quadrupled since the market bottomed in March and gapped above $6.50 on July 23. Today it's working its way through a gap lower that occurred on May 22, 2008. Its next likely resistance level will probably be in the $8.50 to $8.80 range, its old high last year.
The September 7 calls were also under accumulation, trading 11,267 times for $0.80 to $1.24, although volume was far below open interest of 56,394 contracts.
Call activity in the name exceeded puts by roughly 4 to 1, reflecting the bullish sentiment.
___________________________
The Other Auto Bigs:
Toyota Motor [TM
Loading...
()
]
General Motors/Motors Liquidation [MTLQQ
Loading...
()
]
Honda Motors [HMC
Loading...
()
]
Nissan [NSANY
Loading...
()
]
___________________________
___________________________
David Russell is a reporter and writer for OptionMonster.
___________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes