Bulls Step On The Gas In Ford Calls

Ford has been very active, and yesterday traders adjusted winning bets.

Earlier in the week, optionMONSTER’s Heat Seeker program detected buying in the Weekly 15.50 calls that expire at the end of today’s session for $0.08 through $0.11. The stock traded near $16 yesterday, and the options had risen to the $0.30-$0.40 range.

This time, investors sold those contracts and bought the June 16 calls for $0.22 and $0.26. That let them take in a small credit, while keeping them on track for more gains with the new options if the stock keeps driving higher.

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— Option Monster

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