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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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One Week Options On A Monday Morning

Are you paying to much for time value if you buy in on a Monday morning? Consider these two different Call option series this morning, a Monday. These are 10:08 a.m and 10:13 a.m. readings. 1) Mcdonalds.
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2) Lowes.
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I am not a big fan of purchasing Monday morning one week options because I find they tend to be worth less closer to the end of the day. Let's follow this and see what happens. To be continued. The markets closed strong. It's not often the Nasdaq goes up over 500 points in one day.
Remember I said I am not a big fan of buying one week options on a Monday morning. The Calls on Mcdonalds closed up. The 300 series of Calls went from $1.39 at 10:08 a.m. to $2.23 at the close..
The Calls on Lowes closed up with a bid and ask of "$440.00 and $620.00" on the close with only 15 contracts trading on the day.
Here now is it's five day chart.
I say take your money and run. I don't like holding overnight option positions at this early stage on the week. Things can go the opposite way very quickly. *** On Tuesday the DJIA was up 559 points and Lowes was up a touch again.
The interest in them is very low. Now lets finish off this blog by looking at Friday morning's chart. First McDonalds.
Yesterday the 300 series of Calls were trading at over $10.00. Now Lowes.
A lot can happen in five days.

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