Someone with a lot of money to spend has taken a bearish stance on Ford Motor F.
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with F, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Ford Motor.
This isn't normal.
The overall sentiment of these big-money traders is split between 28% bullish and 71%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $40,000, and 13, calls, for a total amount of $1,067,308..
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.0 to $20.0 for Ford Motor over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Ford Motor options trades today is 43033.44 with a total volume of 12,763.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Ford Motor's big money trades within a strike price range of $12.0 to $20.0 over the last 30 days.
Ford Motor Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| F | CALL | TRADE | NEUTRAL | 01/19/24 | $17.00 | $217.0K | 26.6K | 1.0K |
| F | CALL | TRADE | BEARISH | 01/19/24 | $15.00 | $213.2K | 32.1K | 445 |
| F | CALL | TRADE | BEARISH | 01/19/24 | $17.00 | $173.9K | 26.6K | 505 |
| F | CALL | TRADE | BEARISH | 01/19/24 | $15.00 | $98.0K | 32.1K | 594 |
| F | CALL | TRADE | NEUTRAL | 01/20/23 | $12.00 | $61.0K | 47.6K | 116 |
Where Is Ford Motor Standing Right Now?
- With a volume of 46,206,238, the price of F is up 3.35% at $17.73.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 61 days.
What The Experts Say On Ford Motor:
- Wells Fargo has decided to maintain their Overweight rating on Ford Motor, which currently sits at a price target of $24.
- Credit Suisse has decided to maintain their Outperform rating on Ford Motor, which currently sits at a price target of $25.
- Wells Fargo has decided to maintain their Overweight rating on Ford Motor, which currently sits at a price target of $26.
- Morgan Stanley has decided to maintain their Underweight rating on Ford Motor, which currently sits at a price target of $13.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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