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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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So Tesla Drops On The Opening On A Tuesday

It's chart.
A look at it's Calls.
A look at Tesla a minute or two earlier.
Can you jump in the play it for a rebound? These Calls are down 50% on the opening.
So we are experiencing early morning market jitters. Tesla was down $37.12 last week. That's like $5.00 everyday. Is looking for an upward reversal simply wishful thinking? Hold that thought. Now this, another shoe has fallen off.
A new thought.It's 10:00 a.m.. There is no reason for the stock to stop dropping but computer buying programs at sme point in time might start to kick in which are willing to accept the obvious degree of risk. Is that at 10:07 a.m. what we are now looking at now? The problem with rebounds like is that if the stock starts move up a touch it runs the risk of getting knocked down again.
I don't like trading Tesla this early in the week with it's option series that expire this Friday. Let's walk away from this situation and check back in later to see what ends up happening. Now it's end of the day readings.
The Venezuela story is taking the action away from stocks like this. When there is news of Trump doing things which might upset world order just stay away.These are unusual times.

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