Dan Nathan Sees Unusual Options Activity In Ford

On

, Dan Nathan analyzed the trading action in

on Thursday. He said that it lost 4 percent in a year and

gained 4 percent. When the stock was trading at $14.55, there was a buyer of 10,000 contracts of the February 15 calls for $0.51. The trade breaks even at $15.51 or approximately 6.5 percent higher from the current price. Nathan explained that the traders is making a defined risk bet that

is going to break out above recent resistance at $16. Nathan added that options in Ford are not cheap at the moment because of the elevated implied volatility.