Interesting option action in Ford today, it was featured on my ISE widget. I saw that Ford (F) calls were active compared to puts, especially the August $11 (under open interest), $12 (under OI) and $13 calls (above open interest: volume 33,387, OI 19,630). September and December also saw decent call volume vs. puts but under OI. There are 633,000 calls already open between $12 and $15 in September which is interesting (option chain snapshots below).
It looks like the January 2011 calls saw a spread of some sort but on minuscule volume compared to open interest. Ford had a high ISEE ratio today (ISE customer calls opened/puts opened x 100), ISEE Ratio: 1,802, Calls: 21,985 Puts: 1,220. Speculating or hedgulating? $F closed at $11.66 so if it hits $13, those $11s-13s could be profitable.
TECHNICALS: Ford pierced through the 50 day moving average today and recently broke through the downtrend from April. The relative strength index also broke through the 50 level (at 59), which it hasn't seen since April. It must hold to confirm strength. Watch to see if the MACD crosses the centerline as it would confirm a sustained uptrend (imo). Ford will probably trade with the market, risk on/risk off as they say. The S&P closed right at the 50DMA today and is under the 200DMA.
Watch a Ford SYNC and Pandora demo video below. When will I be able to write a blog post and tweet via voice sync?
F August Options (7/13/2010) Yahoo Finance
F September 2010 Options (7/13/10) - Yahoo Finance
F December 2010 Options (7/13/10) - Yahoo Finance
F January 2011 Options (7/13/10) Yahoo Finance
Ford Motor (1 year 6 months) - Stockcharts.com
Auto Industry Outlook and Review - July 2010 - Zacks Investment Research