Ford Motor Co (NYSE:F) stock is up 0.6% at $12.45 at last check, attempting to snap a four-day losing streak. Despite todays bounce, the stock remains down 5% year-to-date and was recently rejected by its 60-day moving average. Ford is slated for earnings this week and below we'll take a closer look at what the options pits are anticipating for the quarterly report.
The automaker will report first-quarter results after the close, Wednesday, April 29th. F has a mixed post-earnings history, finishing higher after five of its last eight reports, including a 12.2% pop in October. This time around, the options market is pricing in a 7.4% move, regardless of direction, larger than the 6.7% swing its averaged in the last two years.
Options traders have been call heavy toward F of late. The stock's 10-day call/put volume ratio of 3.70 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 97% of annual readings.
Echoing this, Ford's Schaeffer's put/call open interest ratio (SOIR) of 0.72 sits in just the 8th percentile of its annual range, suggesting short-term option players have been more call-heavy during the past 12 months.
