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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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Exxon. A Dropping Knife or Catching A Dropping Knife

Sometimes you see charts like this and instantaneously one's brain says "I don't like it"
. I get it.
Let's check back later in eighteen minutes to see how many new contracts are added to the count. The stock has dropped another 48 cents. It's trying to predict the bottom of the fall which becomes the million dollar question.
503 new contracts are added.
Now this. Perhaps it was a computer generated program that that purchased a block of 500 Calls. Is that a good thing or a bad thing? Well it might help us in deciding when to jump onboard. Now this at 10:51 a.m.
Tuesday in the new world of playing one week options are a good day to pull off stunts like this. ** Here is how Exxon closed the day.
The falling drop syndrome sometimes works on Exxon but not so much with other stocks.

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