Bearish options flow identified in Ford with shares down 3.24%

Bearish options flow identified in Ford (F), with shares down 38c near $11.20. Options volume running well above average with 67k contracts traded and puts leading calls for a put/call ratio of 1.46, compared to a typical level near 0.58. Implied volatility (IV30) is higher by 2.0 points near 40.06,in the top quartile of the past year, suggesting an expected daily move of $0.28. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Ford (F) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.