Dear Hot Money Trader,
Our Hot Money monitor triggered a new bullish alert in Ford Motor Co. (F).
We continue to see bullish activity in this stock with buyers in multiple expirations.
This is where Hot Money is positioning and looking for shares to spike higher.
Currently, I have the Feb. 4, 2022, $26/$27 call spread.
I'm going to add a new spread at lower strikes, which will allow me to capture more profits prices go higher.
Here's what I'm doing…
Buy-to-open the F Feb. 4, 2022, $25.50/26.50 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 $26.50 per share in the coming weeks.
I'm also going to take on more risk but in a smaller size.
Buy-to-open the F Jan. 21, 2022, $25 call at $0.41 per contract.
As always, I'm averaging into this position and managing risk before entry.
I’ll keep you updated every step of the way.