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Lucid. Options On $6.00 Dollar Stock With Two Days To Go Are Difficult To Trade

What do you think about this chart? It's one of those falling of a cliff charts. It's a Thursday morning and it looks like this stock is kind of in a downdraft. Look at my most recent blog on Rivian. The bad news on Lucid could be a hangover effect caused by Rivan's one day prior bad news story. It was talk about Rivian going back to the markets to raise more money even though they were starting to lose less of it. It was a good-news, bad- news story. A story which would take a few days for the markets to digest. Let's now look at two series of Lucid's Calls which expire tomorrow. We now find ourselves forty one minutes into the market's opening trading action. The 26 series of "out-of-the-money" Calls that expire tomorrow are trading last at $.03 cents. ... Now this. Now look a this small rebound twenty five minutes later. .. Here is where it gets a touch confusing. The $5.50 Calls which were once at $.22 cents are now $.30 and the $6.00 series of...
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Carvana On A Tuesday

 It played the same game as Carvana also did on a Monday. Look at these three charts.

1)

It's up on the opening and the Puts at this point (they are "out-of-the-money") are trading at $3.25.


Now the chart changes.

That's the same thing it did yesterday. Yesterday it topped out around 11:00 a.m. and today it topped out around 11:30 a.m.. Now this. It starts to rebound.

So how do you think the Puts did on that downturn. We here is a look just after the fact. You can see how high they went. They went to $4.82.

If you look at the chart more carefully you will see that at around 11:30 a.m. they actually traded down to $2.60. It's not much of a trade but the point is this stock on day one and day two of the week is tradable. I would argue that this "tradability" diminishes towards the last two days of the trading week. At the end of  day (a Tuesday),  Carvana was only up on the day $2.89.
At the end of the day the Puts were basically unchanged from where they were trading at in the morning.
Here now is it's five day chart. It's up about $25.00 in five days. Now its not as exciting to play.







How is Avis Budget doing?
Up another 18% on the day.
How did it close the day?

All this on no news. 

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