Is Ford F'd? Someone bought 6,000 Jan 3, 5.00 puts.

Which are only in the money when Ford trades under $5.

 

wow, nice catch, F is guaranteed to collapse now. Those trades are never wrong.


not to mention they trade for 1 cent a share.

 

maybe it was a closing transaction.

 

No.

 

Someone else sold them

 

Max profit on that trade is $3 million. $1.4 Billion trades hands every day on that stock. Those puts were likely a noob buying a lottery ticket.

 

Hahahahahaha!

http://www.marketwatch.com/story/ford-announces-conversion-offers-to-reduce-debt-2010-11-24

 

When Ford have less debt (because not so much interest to be paid to the creditors now) they will be "investment grade", true?

 

I am saying if Ford can have the good rating, more money will go to this stock from the buy and hold instituitions.

 

Most probably you have not subscribed to the "expert network"....