News Focus
News Focus
icon url

marketmaven

06/24/04 12:28 PM

#261248 RE: jra2 #261240

Market, F, GM, BA Overhumped ? 2nd time we agree jra

Puts Pile for Ford Motor Company
http://www.schaeffersresearch.com/commentary/optionbytes.aspx?ID=12210#12210

Yesterday, puts traded actively for Ford Motor Company (F: sentiment, chart, options) , as put volume was 3.5 times heavier than average. More than 7,800 contracts traded, with the most active being the July 17.50 strike (F SW). The stock has seen some strong price action recently, as it has been in an uptrend since late March. F enjoyed a bullish cross over of its 20-day moving average above its 50-day moving average, and is currently trading above both of these short-term moving averages. This is a bullish sign from a technical perspective. Investors have recently increased their bearish positions by adding puts at a faster rate than calls, causing the Schaeffer's put/call open interest ratio (SOIR) to trend higher. There are now 60,800 puts to 65,500 calls in near-term option activity. Skepticism from investors in the face of strong price performance is bullish from a contrarian perspective. Today F is off nine cents to $16.27. - KAD
icon url

Zeev Hed

06/24/04 12:33 PM

#261253 RE: jra2 #261240

Well, no longer 30%, when I was out, just got TARO here at $46.48, maybe 5 to 10 minutes ago. LOD, too. Alos reestabkished seonds in HANS here at $24.39. In edit and back in NVEC at $39.58, yes, paying the piper, but was not going to leave that one "unwatched" while I was having a bite (g), and my lunch bid under $38.50 did not "catch"... In BRCM at $45.25.