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Mike Khouw Sees Unusual Options Activity In Ford

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CNBC Options Action's Mike Khouw spoke on the show about trading action in options market in Ford Motor Company (NYSE: F). He said that two times average daily call volume in call options was achieved on Friday and the most of the action happened in the weekly October 14 call options.

Traders were paying $0.13 for the most active strike of the day, which means that they are expecting a short-term bounce in the stock after the earnings related decline. Khouw added that he didn't interpret Ford Motor Company's as bad.

Carter Worth commented that the chart for this stock doesn't look good. The stock is in a free fall and every purchase at the moment is speculative.

 

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Posted-In: Carter Worth CNBC Mike KhouwOptions Markets Media