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Lucid Group put volume heavy and directionally bearish

Bearish flow noted in Lucid Group (LCID) with 21,250 puts trading, or 1.2x expected. Most active are Oct-25 20 puts and 10/10 weekly 22 calls, with total volume in those strikes near 15,900 contracts. The Put/Call Ratio is 1.52, while ATM IV is up over 2 points on the day. Earnings are expected on November 5th.

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