Paul Foster Puts Quotations

Investors are eliminating risk by purchasing January puts against their long stock positions and speculators are putting on risk by purchasing puts on expectations of a weak stock price in the next three days.

Option investors are seeking puts to protect their downside exposure to their long stock holdings in Ford, General Motors, and American Axle & Manufacturing (AXL.N: Quote , Profile , Research ).

The call volume is aggressive compared to the puts indicating that option participants have an upward bias on Symbol.