Our Hot Money monitor triggered a new bullish alert in Ford Motor Co. (F).
Hot Money continues to position in OTM calls, betting shares will continue higher.
Instead of playing the OTM calls which are riskier, here's my 3:1 risk to reward trade.
Here's what I'm doing…
Buy-to-open the F Feb. 4, 2022, $26/27 call spread
At last glance, this is trading around $0.27 per spread.
That means with a max profit opportunity of $0.73 per spread if we hit $27 per share in the coming weeks.
If you seek a high risk/max profit trade, buy the F Feb. 4, 2022, $24 call.
As always, I'm averaging into this position and managing risk before entry.
I’ll keep you updated every step of the way.