Lucid Gr Option Alert: Nov 17 $8 Calls Sweep (3) near the Ask: 720 @ $0.96 vs 7788 OI; Earnings 8/7 After Close Ref=$7.2
Portfolio Pulse from Charles Gross
Lucid Group (LCID) has seen a significant option alert for November 17 $8 calls. A total of 720 contracts were traded near the ask price of $0.96, compared to an open interest of 7788. The company is expected to announce its earnings on August 7 after market close. The reference price is $7.2.
July 27, 2023 | 2:59 pm
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POSITIVE IMPACT
Lucid Group's significant option alert may indicate bullish sentiment among investors. The earnings announcement on August 7 could also impact the stock's price.
The significant volume of call options indicates that investors are expecting the price of LCID to rise. The upcoming earnings announcement could also influence the stock's price, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100