Traders hit the brakes on Ford

Options Action: Ford to stall out?

Traders are hitting the brakes on Ford.

Shares of the automaker are down nearly 2 percent this week after it reported a decline in February sales, citing harsh winter weather. Ford sales fell 2 percent last month, making it the worst among its peers (General Motors saw a 4 percent increase and Toyota sales soared 13 percent).

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The move had the options market heating up with bearish bets. Thursday, Ford traded three times its average daily put volume and was the 10th most active single-stock option.