Billionaire investor Kirk Kerkorian has sold off all of his remaining shares of Ford Motor (F: sentiment, chart, options) , a spokeswoman for Tracinda said today. Tracinda, Kerkorian's investment firm, was the Detroit diva's largest outside investor as early as October. At one time, the 91-year-old mogul also held a 10% stake in General Motors (GM), and made a failed bid for Chrysler last year.

After a brief stint above their 10-week moving average, the shares of F are now trading below this key trendline, hovering near the 2.20 level. However, today's trek into the red is a journey the stock is familiar with, as the automaker has shed roughly 66% year-to-date.

However, despite the security's technical troubles, options players are becoming increasingly optimistic toward Ford. During the past 10 days on the International Securities Exchange (ISE), the equity has seen nearly 6 times as many calls than puts bought to open. What's more, this ratio ranks in the 84th annual percentile, suggesting that the high hopes among options speculators have been more discernible only 16% of the time during the past 52 weeks.