Options Update: Ford Volatility Elevated, Strengthens Balance Sheet

Filed under: Ford Motor (F), BP p.l.c. ADS (BP)

Ford Motor Company (F) is reducing its debt by more than $4 billion, primarily by retiring debt owed to the UAW Retiree Medical Benefits Trust ahead of schedule. The company said it is taking the action to further strengthen its balance sheet as it gains momentum on its One Ford plan and remains on track to deliver solid profits and positive automotive operating-related cash flow this year. July put option implied volatility for Ford is at 54, December is at 48; verses its 26-week average of 45, according to Track Data, suggesting larger price movement.



BP plc (BP) closed at $28.88. BP overall option implied volatility of 76 is above its 26-week average of 42, according to Track Data, suggesting larger price movement.



International Paper (IP) closed at $22.33. IP is expected to report Q2 EPS in late July. July put option implied volatility is at 61, October is at 52; verses its 26-week average of 44, according to Track Data, suggesting larger price movement.



Update is by Stock Specialist Paul Foster of theflyonthewall.com

Options Update: Ford Volatility Elevated, Strengthens Balance Sheet originally appeared on BloggingStocks on Wed, 30 Jun 2010 17:20:00 EST. Please see our terms for use of feeds.

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Ford Motor Company - United Auto Workers - Business - Option - BloggingStocks

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