I'm watching Ford stock and option activity. I'll arb some Ford news and update the chart later. Last week I saw interesting call activity from August to January 2011. The options were also active before that post. I'm not quite sure of the exact nature of the in-and-out of the money call trades, but either way position accordingly for the technical catalyst on Friday, July 23 (Ford's earnings release). The trading channels on the chart are at an inflection point and $F is just above the 50 and 200 day moving average. An ascending triangle breakout above $12.15 resistance (January high, perhaps left shoulder) could confirm more upside. All in all, $F needs to hold the rising channel and 200DMA if it wants to retest the recent highs. Were the calls speculative in nature gaming Q2 earnings and July US auto sales on Aug 3? Hedge breakdown risk people, like GLD last week (imo). After the jump is a chart and surprise Ford video.
China’s Stocks Rally on Policy Outlook, Automakers Earnings - Bloomberg
"AW Car Co., which makes passenger cars in China with Volkswagen AG, added 1.8 percent to 17 yuan. Chongqing Changan Automobile Co., the Chinese partner of Ford Motor Co. and Mazda Motor Corp., rose 4.6 percent to 9.94 yuan."
Ford Motor Company ($F) - FreeStockCharts.com
FYI: No position, July 20, 2010