F: More Pain Ahead?

A large bearish speculative bet was placed today on Ford (F) at 07:24am PST via 18 April $7 puts. The trader purchased over 50K of puts betting $356K that F will hit new lows in the next 2 months.

This is a new position placed today since the volume is clearly larger than the open interest (OI). The F chart shows that while the broader market rallied since Christmas, its rebound was much weaker.

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