Filed under: Deals, Ford Motor (F), Options

Ford (NYSE: F) is recently trading at $8.23 in pre-open trading, above its close of $7.50.

Tracinda Corporation announced it intends to make a cash tender offer for up to 20 million shares of common stock of F at a price of $8.50. Tracinda currently owns 100 million shares of F, representing approximately 4.7% of the outstanding shares.

F Might option implied volatility of 61 is above its 26-week average of 54 according to Track Data, suggesting more massive price movement.

Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

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This entry was posted on Monday, April 28th, 2008 at 1:47 pm and is filed under Latest News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.