Mike Khouw said on CNBC's "Options Action" he saw more than three times the average daily call options volume in Ford Motor Company F on Tuesday.
The most active calls were the January 10 calls as around 50,000 contracts were traded for 32 cents. Buyers are betting the price is going to exceed $10.32, which means they expect the stock to move at least 10% higher from Friday's closing price.
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