Did you miss the boat and will there be a retreat on these prices on these Ford Calls in the afternoon or on the next day? Probably. These options are up on no apparent news.
Look at it's five day chart. It's not pretty. All we now hear is bad news about the current state of the auto industry. Now it's five day chart.
What do I know about Ford that other that other people do not know? Nothing really. Let's see what happens with these ones. Next Vinfast, the Vietnamese EV maker with a ten year, 200,000 kilometer warranty. It's stock only started trading on the North American market last year.
It's a stock in the $3.50 range and options on $3.50 stocks are next to impossible to play. Having said that, Call options on another electric car building company called Nio popped last week on better than expected production numbers.That company has a large North American following and a six year history of trading on the NYSE. exchange. China is going all in on electric vehicles and there is a buzz about this in the air.
Now the one week Call options.>

Note the low volumes traded and the large spread between the bid and ask. With this kind of situation it would be better to go like two or three months out. Now here is the thing. If we go two months out nobody is playing them and the bid and ask is to far apart. So forget that suggestion.
Now look at this, the January Calls. Look, there is an outstanding open interest in these Calls and you can look and see what the last Call options traded for. A downward day like this would be a good time to make an entry position. (On up days you would have to pay near the ask to get in).
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