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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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A Weekly Review Ending The Week Of Oct.4th

Let's start with the stock Ford. It's up. That's something that doesn't happen very often. Ford hitting a new 52 week high. Try and follow Friday's one day option action. Here is how two series traded.
Both the 12 and 12.5 series of Calls exploded on Friday. But wait, there is a twist. The action didn't really happen until 3:00 p.m. which is the time retail traders needed to be out of their position if they were playing this weeks option series. An equal amount of action happened with next weeks Calls shown below. Here they are.
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........................................................................................................................................... 2) I did a blog on the Canadian company "Dragonfly" back on Sept.20th when it was trading at $4.42. The January 2026 five series of Callsat that time were trading at $.55 with only 91 oustanding contracts open. The printout below illustrates that.
Here it is now. Only a few traders have taken their profits. That's suprising.
Now they are up tenfold. One more stock mentioned at that time in the same space was "Unusal Machines" and it was at that time $10.77. Now it's at $16.29. 3) Boeing. Here is it's five day chart. On Wednesday September first I did a blog on mid week reversals and I said I like Wednesday Call options on the close more than Tuesday Call options in general.
Boeing had a nice jump on Thursday. It then went on to do little Friday. 4) Exxon. Here it it's five day chart.
On Thurday at 9:35 a.m. I singled out the Friday 112 series of Calls which were trading at $.68 Cents at 935:50 a.m. which then hit $1.26 at 10:00 a.m.. (later they went on to trade as high as $2.00 before then selling off). ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.................................................................................. 5) Pfizer had it's best week upwards in price in a long time. Look at this chart. It went up.
Now look at one portion of it's Thursday October 1st chart.
I did a blog saying buy on a dip. I showed the 27 series of Puts dropping between 11:55 a.m. and 12:50 p.m. going from $.32 cents to $.44 cents.
Other things also happened like Tesla selling off on Thurday and Friday on this following good news. It was off $10.57 on the week.
Look at it's chart and look at one series it's "at-the-money" options. Traders were all over them. Tesla options are best played hour to hour and not day to day, especially on short term options which expire in the last two trading days of the week.
There is so much to watch. Weekends offer much needed "time out" breaks.

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