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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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So Deere Drops $9.64 In The First Fifty Minutes of Trading.

Here is it's five day chart and a look at what the "just-slightly-out-of-th-money-call" options are trading at. It's a Tuesday.
Now this, it keeps dropping.
Now a 10:49 a.m. update. The stock has rebounded $1.00 Notice the asking price has jumped upwards.
At 11:00 a.m. it is starting to slip again. Do you see this time how quickly the bid and ask declined?
Here now is the stocks five day chart.
What do I think? Since the stock had a nice jump yesterday I think it might rebound in the next few hours. Now might be a good time to jump in looking for an upward move. That's my read on things. Let's see what happens. It's still early in the week. Now here we are at 11:30 a.m. or 38 minutes later.
Now this six minutes later? Can you see how someone got excited about a rebound and bought in at $5.10?
Now this at 1:03 p.m.
Deere did come back at the end of the day.
The trick in this exercise is to find the low of the day.

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