Ford bulls go on late shopping spree


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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