Shares of Ford Motor Company (F) are trading lower on the session by 1.16%, at $11.03. The stock made a huge jump through the 200-day moving average yesterday after the company reported Q3 earnings of $0.41 per share.
With shares trading at a four month high, one trader is rolling calls today. A short while ago The November $11.00 call traded 25,500 times for $0.31 just as 25,300 February 2013 $13.00 calls were bought for 0.15.
Given the open interest on both strikes, 81,498 and 67 contracts respectively, this looks like a roll out to Feb.
30-day implied volatility is off 1.8% today to 26.995, while 10-day historical volatility is registering 44.95%.
Ford Motor Company is a producer of cars and trucks. The company and its subsidiaries also engage in other businesses, including financing vehicles. The company operates in two sectors: Automotive and Financial Services.?