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Ford Calls and a Big Surprise.

Look at this Ford chart on July 1st. Now todays Call options. Every quarter these types of reports come out. This one was good. Watch for it Next July 1st. A $2.00 option went up to close at $37.00. In my introductory remarks to this blogging channel a few years ago I said many old farts driving Mustang convertables paid for them from money made on playing Ford options. This bounce today in the Call prices based on this good news report of rising sales was one of those events. Now this, the strenght continued into the following day which is Wednesday July 2nd. This is a short week for option trading with tomorrow being the last day. Action like this is extremely rare.
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The Auto Industry Is Big on Self Promotion.

Look at this ad to purchase a Lucid electric vehicle. Going forward the consumer will have many EV brands to pick from.
Some people want the best of everything and these ones will appeal to a small slice of the market. The share price of Lucid is holding steady. Last week Tesla announced that their new truck model is now available and that they have orders for over a million of them. EV stocks were soft in the last month over the theme of range anxiety issues. Suddening the news of one million orders has cast that issue aside. G.M is another company beating it's own drum. It popped on news last week. The car maker boosted guidance and will buy back $10 billion in stock -25% of its market cap-and hike the dividend. It expects 2024 profits on electric cars. The stock jumped $4.18 to $32.36
Even Ford jumped, at least for one day. It changed it's guidance numbers.
Imagine playing the Ford ten series of Calls last week. Then there is Nio. Often times this year Nio made the top five weekly list or top ten list of most activity traded NYSE stocks. It's a company which has never make a profit but is hopefully getting closer to that target.
Shown above is a five year chart on this stock! What a tough ride for investors. But what if? What if it became the number 8th, 7th or 6th largest EV producer in China? That's what adds excitement to this stock. ( On the other hand what a dog of a stock it has being to own recently, that's why no one likes to talk about it). Some option players play options on this stock waiting for the monthly production numbers to be released as was the case today.
To be continued. Well maybe. * Here is how it is trading the very next day, December 5th. With so many moving parts there is always news about something.

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