27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Someone with a lot of money to spend has taken a bearish stance on Lucid Gr (NASDAQ:LCID).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with LCID, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for Lucid Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.
Out of all of the options we uncovered, 10 are puts, for a total amount of $771,756, and there was 1 call, for a total amount of $49,022.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $11.0 to $70.0 for Lucid Gr over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Lucid Gr's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lucid Gr's whale trades within a strike price range from $11.0 to $70.0 in the last 30 days.
Lucid Gr Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LCID | PUT | SWEEP | BEARISH | 10/21/22 | $26.00 | $228.2K | 318 | 0 |
| LCID | PUT | SWEEP | BULLISH | 12/16/22 | $12.00 | $169.3K | 10.9K | 4.4K |
| LCID | PUT | SWEEP | BULLISH | 12/16/22 | $12.00 | $120.6K | 10.9K | 1.0K |
| LCID | PUT | SWEEP | BULLISH | 12/16/22 | $12.00 | $66.3K | 10.9K | 867 |
| LCID | CALL | SWEEP | BEARISH | 01/20/23 | $15.00 | $49.0K | 7.5K | 1.0K |
Where Is Lucid Gr Standing Right Now?
- With a volume of 10,650,265, the price of LCID is up 4.86% at $13.01.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 21 days.
What The Experts Say On Lucid Gr:
- Cantor Fitzgerald downgraded its action to Overweight with a price target of $23
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Lucid Gr, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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