Whales with a lot of money to spend have taken a noticeably bearish stance on Lucid Gr.
Looking at options history for Lucid Gr LCID we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $97,302 and 6, calls, for a total amount of $375,854.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $2.5 to $3.5 for Lucid Gr over the recent three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $2.5 to $3.5 in the last 30 days.
Lucid Gr Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LCID | CALL | TRADE | BULLISH | 02/16/24 | $3.50 | $110.0K | 13.8K | 3.0K |
| LCID | CALL | SWEEP | BULLISH | 06/21/24 | $3.50 | $82.5K | 2.2K | 1.2K |
| LCID | CALL | TRADE | BEARISH | 08/16/24 | $3.00 | $62.5K | 3.1K | 1.0K |
| LCID | PUT | SWEEP | BEARISH | 03/15/24 | $3.50 | $57.8K | 4.2K | 1.8K |
| LCID | CALL | SWEEP | BEARISH | 02/16/24 | $2.50 | $56.6K | 1.1K | 813 |
About Lucid Gr
Lucid Group Inc is a technology and automotive company. It develops the next generation of electric vehicle (EV) technologies. It is a vertically integrated company that designs, engineers, and builds electric vehicles, EV powertrains, and battery systems in-house using our own equipment and factory.
Where Is Lucid Gr Standing Right Now?
- Currently trading with a volume of 29,965,615, the LCID's price is up by 1.45%, now at $3.51.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 21 days.
What The Experts Say On Lucid Gr
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $6.0.
- Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $6.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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