| O | - | $15.65 |
| H | - | $15.78 |
| L | - | $15.55 |
| C | - | $15.68 |
| John |
This morning, a block of 6,000 January 2015 15-strike calls changed hands at the ask price of $2.44, suggesting they were likely bought. Plus, implied volatility is trending higher at the LEAPS strike, hinting at new bullish bets.
By purchasing the calls to open, the buyer expects Ford Motor Company to surmount $17.44 (strike price plus premium paid) by early 2015. From current levels, this represents expected upside of 11%. Risk is limited to the initial premium paid for the calls, should F finish south of the strike upon expiration.
good times ahead