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A Classic Tesla Friday Option Day Story

So Tesla moves up in the first few minutes of trading on a Friday and quickly decides to go south. The DJIA closed down on the day 685 points. Here is how one series of Puts, the 425 series of traded on the day. A low of $4.11, the price the 425 Puts just after the opening and a closing price of $33.90. More surprising were the "out-of-the-money 410 Puts. A low of $.33 and a high of $21.28. The most extreme gain was with the 392.50 Puts which has a low of $.03 or three dollars a contract and a high of $4.12 or four hundred and twelve dollares. Do the math of that one. How many times has this website talked trading "one-day-until-expiring-options" on Tesla options. The answer is many times. There was news this week about Musk raising 75 billion dollars for "Space X" and in doing so is selling out only 4-5% of this new company. Musk is the richest man in the world. Powerful people can make powerful moves. So what's my point? My point is that the option mark...
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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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