Ford Motor Company (NYSE: F) has garnered an unusual amount of attention from put players today, as investors prepare for the automaker's October sales figures, slated for release Nov. 3. So far today, the Detroit diva has seen roughly 29,000 puts change hands, more than quadrupling its average daily volume of fewer than 6,600 contracts.
Most notable has been the activity surrounding the December 6 strike, with about 16,200 puts traded on open interest of 28,801 contracts. Sixty-one percent of the puts have traded at the ask price, indicating they were likely bought. Nevertheless, peak put open interest in the back-month series rests at the at-the-money 7 strike, with more than 37,700 contracts in residence.
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