Forex | Forex | Ford optimists target upside with call spreads (23/07/2009 16:14:08)

Ford optimists target upside with call spreads

F – Ford Motor Company – Shares of the U.S. automaker surged more than 10% to $7.04, surpassing the 52-week high for the stock of $6.53, after reporting earnings which exceeded analyst expectations. Cost cutting efforts and increased domestic market share contributed to losses of 21 cents per share versus average losses of 50 cents per share projected by analysts. Investors looking to lock in gains purchased more than 25,000 put options at the September 7.0 strike price for an average premium


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