Stocks quoted in this article:
The 20 stocks listed in the table below have attracted the highest total options volume during the past 10 trading days. Names highlighted are new to the list since the last time the study was run, and data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. One name of notable interest today is Ford Motor Company (NYSE:F), which is being targeted by call buyers.
Ford Motor Company call volume holds a decisive advantage over put volume around midday -- 15,000 contracts to roughly 1,700. Short-term options are seeing slightly stronger-than-usual demand, too, as the automaker's 30-day at-the-money implied volatility has edged 0.4% higher to 20.4%.
F's most active option is the near-the-money September 17 call, where 5,310 contracts are on the tape. Nearly 4,200 of them crossed the tape as a pair of sweeps, at around 10 a.m. ET. Both appear to have been bought to open at the respective ask prices of $0.39 and $0.43 per contract, yielding at-expiration breakeven points of $17.39 and $17.43 (strike plus premium paid).
As with all long calls, gains are theoretically unlimited north of breakeven. By contrast, risk is limited to the initial premium paid, should F shares be sitting at or below $17 when the closing bell sounds on Friday, Sept. 19 -- when the back-month options cease trading.
On the charts, Ford Motor Company (NYSE:F) is 0.6% higher this afternoon to rest at $16.91, following strong July sales news out of China. Longer term, the shares are coming off of a recent three-year high, and are up 9.6% year-to-date.