11:30am (EST)

I have been getting a ton of emails this morning on the trades I profiled on Ford Motor (F, $6.07, up $0.32).

I mentioned the December 6 calls (FLI, $1.52, up $0.28) and the December 7 calls (FLJ, $1.10, up $0.20) in the May 17th Weekly Wrap as way to play Ford going to $10. The GM news has had a positive effect on Ford and the other Auto stocks are rallying as well.

The December 6 calls were profiled at $1.25 and the December 7 calls were profiled at 93 cents. Both trades are up 20% today and these were going to be the first two trades I profiled in the new trading service. I still like them at current prices and I will consider this as a good faith trade for those of you joining or are on the list. This means once we launch, I expect all of you to sign up (sly grin)…

Ford was the only company that did not take TARP and is well positioned to capatlize on this transition. The call options do not expire until December which means we have six months until expiration.

Rick Rouse