Ford saw bullish option activity at the end of yesterday's session.
optionMONSTER's Heat Seeker system shows that 26,861 May 13 calls changed hands in a strong buying pattern yesterday against open interest of 19,600 contracts. Most of the options were priced at $0.50 and $0.51.
Nearly all of this trading occurred in the last hour of the session, including a single print of 11,009 that went for $0.52 less than 4 minutes before the closing bell.
F closed yesterday off 0.8 percent to $12.38. The auto maker began the year with a rally but fell after a mixed earnings report on Jan. 27, and it has been trading sideways since then.
Overall calls at all strikes outnumbered puts by more than 5 to 1.
Disclosures: I own F shares and bonds.
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