Investors with a lot of money to spend have taken a bearish stance on Lucid Gr LCID.
And retail traders should know.
We noticed this today when the trades 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 13 options trades for Lucid Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 0% bullish and 100%, bearish.
Out of all of the options we uncovered, 12 are puts, for a total amount of $469,787, and there was 1 call, for a total amount of $27,050.
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Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $5.0 for Lucid Gr over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Lucid Gr options trades today is 998.0 with a total volume of 13,461.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Lucid Gr's big money trades within a strike price range of $5.0 to $5.0 over the last 30 days.
Lucid Gr Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LCID | PUT | SWEEP | BEARISH | 08/16/24 | $2.67 | $2.54 | $2.67 | $5.00 | $74.7K | 131 | 570 |
| LCID | PUT | SWEEP | BEARISH | 08/16/24 | $2.72 | $2.58 | $2.72 | $5.00 | $65.0K | 131 | 990 |
| LCID | PUT | SWEEP | BEARISH | 08/16/24 | $2.67 | $2.54 | $2.67 | $5.00 | $42.7K | 131 | 750 |
| LCID | PUT | SWEEP | BEARISH | 08/16/24 | $2.72 | $2.66 | $2.72 | $5.00 | $38.0K | 131 | 1.9K |
| LCID | PUT | SWEEP | BEARISH | 08/16/24 | $2.72 | $2.66 | $2.72 | $5.00 | $35.3K | 131 | 1.3K |
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.
Lucid Gr's Current Market Status
- With a trading volume of 10,197,903, the price of LCID is up by 0.4%, reaching $2.53.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 12 days from now.
What The Experts Say On Lucid Gr
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $2.9.
- An analyst from Citigroup has revised its rating downward to Neutral, adjusting the price target to $2.
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.
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