The Ford October $18.00 call option has been purchased for $0.30 before commissions and fees. The target for the option is $1.00. The stock is trading at $17.61. The reason(s) for the trade are below:
- Continued momentum in the stock based on sales
- Anticipation of decent September month figures
- Upward revisions in EPS and price targets at $20.00 by multiple brokerage firms including Citigroup.
**Disclaimer - This blog is just reporting information and should not be considered as a recommendation to buy or sell any financial instrument. Do your due diligence before investing or trading. **