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Ford has retraced nicely since 6.10/share.

|Includes: Ford Motor Company (F)

It's a good pullback.  Heck, if you buy the underlying shares at the current 4.73 level, you can write June strike 4 calls which pay 1.04/contract.  That will give you .30/share in intrinsic time value and a hedge all the way down to 3.95!!!  Not a bad return.