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Tuesday, January 25, 2011

Ford lotto tickets

Ford (F) is reporting earnings on friday. Option traders are bullish on Ford. Today, one trader bought 10,000 Feb 19 calls while simultaneously selling 10,000 feb 17 puts to finance it.

Perhaps look at buying the feb 21 calls at .04 as a lotto ticket. These were selling for .25 as of last week and could easily go up 300-400% on a sharp move in the stock.


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