Lucid Gr Option Alert: Fri $7.5 Calls Sweep (21) near the Ask: 1287 @ $0.411 vs 14800 OI; Earnings 8/2 After Close [est] Ref=$7.7041
Portfolio Pulse from Charles Gross
Lucid Group (LCID) has seen a significant option alert for its Friday $7.5 calls, with 1287 contracts traded near the ask price of $0.411, compared to an open interest of 14800. The company is expected to announce its earnings on August 2nd after market close.

July 10, 2023 | 4:02 pm
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NEUTRAL IMPACT
The significant trading volume in LCID's options could indicate investor anticipation of a price movement. The upcoming earnings announcement could also impact the stock's price.
The high volume of options trading could indicate that investors are anticipating a significant price movement in LCID's stock. However, it's uncertain whether this will be a positive or negative movement. The upcoming earnings announcement could also influence the stock's price, depending on whether the company's financial performance meets, exceeds, or falls short of expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100