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Ford Calls and a Big Surprise.

Look at this Ford chart on July 1st. Now todays Call options. Every quarter these types of reports come out. This one was good. Watch for it Next July 1st. A $2.00 option went up to close at $37.00. In my introductory remarks to this blogging channel a few years ago I said many old farts driving Mustang convertables paid for them from money made on playing Ford options. This bounce today in the Call prices based on this good news report of rising sales was one of those events. Now this, the strenght continued into the following day which is Wednesday July 2nd. This is a short week for option trading with tomorrow being the last day. Action like this is extremely rare.
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Ford This Morning After A Biden Speech

What an opening chart!
Here also is a different chart showing how Ford closed the day yesterday.
It's the very same chart minus this morning's spike. It's amazing how a Presidential speech the night before can help to move the markets in certain stocks in this price range. Now lets look at how this affected the 17 series of Calls.
What do you see in the above printout? At 2:17 p.m. yesterday before the speech the Ford 17 Calls were trading at .24 cents or twenty four dollars a contract. I was watching them. Now look at what they are trading at this morning, the morning after the Biden speech and look at what where they were traded at the end of the day.

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