Mixed options sentiment in Lucid Group (LCID), with shares down 2c near $6.37. Options volume relatively light with 21k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.72. Implied volatility (IV30) dropped 2.35 near 83.3,and below the 52wk median, suggesting an expected daily move of $0.33. Put-call skew steepened, indicating increased demand for downside protection.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LCID:
- California’s Newsom announces $1B rebate program for electric trucks
- Charged: Ford stays committed to EV strategy as industry pulls back
- Lucid Group price target lowered to $6 from $8 at Evercore ISI
- Nuro Secures California Driverless Permit as Tesla (TSLA) Robotaxis Remain Supervised
- Lucid Group price target lowered to $6 from $12 at Baird