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Walmart - Tight "Bids and Asks" Is An Admirable Feature

It's chart looks horrible... It's Wednesday morning at 10:30 a.m. which is one of the very best days of the week to be looking at options on stocks which will be expiring on Friday afternoon. I have said that often before. I also like it when the option makers for Walmart stand true to game with tight bids and asks. What this means is that if they see extreme price swings starting to happen they don't freak out and allow large gaps between the bids and ask and questionable fills. You might not understand what I am talking about. It's a nice stock to trade options on and getting "in-and-out" of option positions on it tend to happen seamlessly. Look at the open interest in this series of options. It's next to nothing. On Monday there was this news. Costco is feeling the same pain. Is there to much negative energy and confusion in this space? Time will tell. To be continued.
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Lucid Disappoints Again

Let's start with a good news story back on July 22nd. That wasn't that long ago.
Now this news.
Remember the old days?
If you look at it's five day chart below you will see how the stock dropped on that news and opened stronger on the next two sessions. That should tell you something. I don't know what to think about all this. If it starts trading at $10.00 per share and sinks to $7.50 and then comes out with some crazy news like they did in July then the stage could be set for another rebound and if sales then start to go up they could come back to the markets to raise some additional money. That's a lot of ifs.
Let's watch the remainer of this week to see if the open interest in the January 2026 and 2027 $2.00 Calls continues to go up. Remember ten Calls will become one Call and the new striking price will be $10.00. What are visionaries now thinking?
To be continued. A Friday Sept.99th update at 12:50 p.m.. Now a look at the Jan17th 2026 Calls with a striking price of $2.00 to see if the volume in them has increased. Today is the last trading day before the planned reverse stock split. The volume is only up slightly.
Can you see how Lucid is trading at $1.99 in the early afternoon. They will most likely close the stock at $2.00 today to make the reverse stock split now scheduled for the next trading day easy. They didn't, they closed the stock at $1.98 and here is how it traded in the premarkets on September 2nd at it's new price.
They took a hit. Now this.
Here is Lucid's new chart on Monday morning. Yes traders bought in on the dip.
the action in these Calls don't seem to make sense.. what happened to all the volume? Why is the open interst number zero?
To be continued.

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