27% profit every 20 days?
This is what Nic Chahine averages with his option 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.
- Citi analyst Itay Michaeli resumed coverage of Lucid Group, Inc (NASDAQ:LCID) with a Buy rating and a $12 price target.
- Citi's latest model & valuation framework incorporated Lucid's reported Q3 results, Q4 deliveries, Q4 capital raise, recent macro pressures & industry EV price actions, lower peer comps, and an intensifying competitive environment.
- Despite recent and ongoing headwinds, Lucid's latest Q4 production update & balance sheet actions encouraged the analyst.
- Also Read: Tesla Rival Lucid Offers $7,500 Discount On Its Air Sedan: Here's How To Qualify
- The analyst continues to like the company's technology & product positioning in the EV race.
- Citi's key focus areas now include the continued production ramp of the Air, upcoming reservations, demand updates, the company's go-forward pricing strategy, 2023 gross margin outlook, and Gravity launch milestones.
- With production execution improving, near-term liquidity addressed, and expectations have come down, the analyst liked the risk and reward here but expected continued near-term volatility amid ongoing macro and competitive developments.
- Price Action: LCID shares traded higher by 9.97% at $8.60 on the last check Monday.
27% profit every 20 days?
This is what Nic Chahine averages with his option 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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