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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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Chasing The High Volume Trading Stocks. "Big Bear Ai"

Big Bear Ai (BBAI). Odds are you never heard of it. Last week it closed at $6.06 up $.38 cents. It's a military Ai play.
Look at how it traded in the last five days.
Look at the volume of shares traded today. Almost 84 million shares! That's not a mistake.
A junk stock with no earnings you might say on the verge of having a meme stock status. Yes. I am embarrassed in a way to be talking about this stock when I normally write blogs on trading options on stocks like Deere. With Deere some series of their options only trade like 19 contracts on any one series of it's options on any given day. Should option traders be trading in options on stocks in the $5.00 and $6.00 dollar price range? Sooner or later this stock might crash and burn. I shouldn't really be saying this. One of the things I do know is that this company doesn't even generate profits yet. Also, back in May this stock was only trading in the $2.50 range. Is it's story feasible? There are massive amounts of share trading in this stock but not so much so in their options. Here is an example of what I am talking about.
What does that tell me? It tells me that there is a maturity to the markets from the sense that market traders have a preference for trading this companies stock over trading in it's options. The mindset of market traders is one of why try an outguess what is going to happen with this stock over the next four days when in the bigger story of how this company is going to evolve will take many years to play itself out. It's track record of "choppy trading" has made the game to dangerous to play. That's my take on it anyways. Tuesday morning just less than an hour into the trading hour. The DJIA is down big time and these Calls are holding steady.
Now this. The D.J.I.A was down 634 points at 10:09 a.m. this morning and now at 3:09 p.m. it is down only 276 points. Look at how the 5.5 series of Calls are now trading. They have doubled in price from the previous days closing price!
I apologize for adding yet another zinger of a stock to try and follow. Good luck.

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