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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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"Bigbear Ai" Options Going Into A Friday.

Why am I talking about "Bigbear Ai". By share volume it was the most actively traded stock this week on the NYSE. It droppedd $.66 cents on the week and was down 10.9%. Look at how the $5.50 series of Calls and Puts are poised to trade tomorrow ( friday). I talked about Bigbear Ai options in an introductory blog for the first time only a few days ago. The stock was down over 5% in one day today (Thursday) and the 5.5 series of Calls sank in price from a high of $.98 down to a low of $.14 on the close. Traders can now bet on it rebounding on the opening. Traders that is who made money all week speculating on this companies options and who can now afford to stay in the game. Others who also know about the crazy trading patterns of this stock might opt to wait until next week to join the party once again.
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Look at how the stock traded on the week up until Thursday at the close. Friday's action should be interesting. To be continued. Now a 12:30 p.m. update. It' not what you might think.
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The markets are up over 700 points and these options are doing nothing. Here is how the stock closed the day.
Only the $5.50 Puts made a little bit of money on the opening.
These options for some traders have become an obsession.

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