Moderately bullish activity in Ford with shares up 1.5%

Moderately bullish activity in Ford (F), with shares up 20c, or 1.5%, near $13.16. Options volume relatively light with 51k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 0.4 points near 28.46,and below the 52wk median, suggesting an expected daily move of $0.24. Put-call skew steepened, indicating increased demand for downside protection.