Sidewinder Update: Ford (NYSE: F), Electronic Arts (NASDAQ: ERTS)

By Karla Yeh,

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Ford Motor Co. (NYSE: F ) did not announce any news this morning, but the stock is currently up 33 cents, or roughly 3%, to $11.24. By 11:04 a.m. EST, the way-out-of-the-money January 2012 5-strike puts crossed 20,000 times thanks to put buyers who paid roughly 58 cents per contract on a bearish bet that F shares could experience significant downside throughout the longer-term.

Rounding out this morning's Sidewinder Update is Electronic Arts Inc. (NASDAQ: ERTS ), which is scheduled to announce earnings figures tonight after the market closes (analysts expect earnings of 31 cents a share).  The stock is currently trading up 26 cents, or 1.5%, to $17.52. By 11:05 a.m. EST, the out-of-the-money February 19 calls traded 6,500 times, and it looks like investors are preparing for the company's earnings announcement by purchasing these options. Bullish investors who bought these calls are looking for short-term upside throughout the next 11 days until February options expiration.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Options
Referenced Stocks: ERTS , F

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