Ford Options Rev on Possible Volvo Deal

Ford is seeing heavy options activity as it considers selling its Volvo subsidiary.

Options have been bullish in the December 3 calls (FLG), with more than 11,000 contracts and 44 million shares traded in just the first half-hour of trading, according to OptionMonster's tracking systems. The December 3 calls are up from their $0.29 price Friday, reaching a high of $0.51 this morning. (Check the options chain here)

Automakers have rallied in recent days as prospects for a government bailout appeared to improve, but Ford is the only one trading higher today. General Motors and Daimler AG were off about 10 percent and 8 percent respectively in afternoon trading.

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Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.