Option traders moderately bearish in Ford with shares down 1.07%

Option traders moderately bearish in Ford (F), with shares down 12c near $11.55. Options volume roughly in line with average with 50k contracts traded and puts leading calls for a put/call ratio of 1.09, compared to a typical level near 0.8. Implied volatility (IV30) is higher by 1.8 points near 40.57,in the top quartile of the past year, suggesting an expected daily move of $0.30. Put-call skew flattened, suggesting a modestly bullish tone.