Could Ford's Shares be Revving Up for a Rally?
Ford Motor Co. (NYSE: F) shares are trading 1 percent higher Monday morning and early option activity suggests some investors are looking for the stock to climb in the coming months. The March 2013 calls saw an opening buyer of 12,000 contracts on the offer of $0.87 and the December 8 calls saw 2,000 contracts trade on the offer of $1.31. These contracts will need the stock to rally 8.5 percent and 2.3 percent respectively by their chosen expirations to prove profitable.
Ford's stock has been mired in the sub $10.00 price range for the month of July. Any break out above this resistance level could see the shares fall back in favor with investors, pushing the stock back to its early 2012 levels of $12.50.
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