The Actual Recommended
Lucid Group Weekly Options Trade.....
** OPTION TRADE: Buy LCID DEC 23 2021 40.000 PUTS - at close yesterday
the price was $1.60 – but after hours the stock had dropped about 6% - you need
to adjust accordingly.
Lucid Group Weekly Options Trade
Thursday, December 09, 2021
- Bought at 9:30 for $2.35
- Sold at 3:55 for $5.85
Total Potential Profit is 149%
It is very likely that a new
Lucid Group stock Weekly
Options Put trade, if recommended, will be also successful.
Join us and see
what we are proposing!
The Original Major
Catalysts for the Lucid Group Weekly
though Lucid Group Inc (NASDAQ: LCID) has incredibly impressive
technology, high manufacturing capacity, and strong demand for its cars, it is
suffering due to a subpoena last Friday from the SEC “requesting the
production of certain documents related to an investigation,” according to
a filing issued Monday morning.
Group has gained a lot of attention since it went public by merging with a
special purpose acquisition company (SPAC) earlier this year. The electric
vehicle (EV) maker only started shipping its first batch of vehicles in late
October, but it's already valued at more than $74 billion.
34 times the $2.2 billion in sales Lucid hopes to generate in 2022 by shipping
20,000 vehicles, and makes it nearly as valuable as Ford (NYSE: F) -- which
shipped 4.2 million vehicles last year but trades at less than one times this
of Lucid Group were down by as much as 19.5% during trading Monday morning
following the electric vehicle start-up disclosing a probe by the U.S.
Securities and Exchange Commission likely into the company’s SPAC deal to go
said although there is “no assurance as to the scope or outcome of this
matter, the investigation appears to concern the business combination”
between the automaker and blank-check company Churchill Capital Corp. IV.
“The Company is
cooperating fully with the SEC in its review,” Lucid said in the
stock recovered Monday afternoon to close at $44.73 a share, down by 5.1%. The
company’s market cap is nearly $73 billion.
close was at $43.82, and yesterday the stock was up slightly to close at
after the market closed the stock dropped to $42.00 – down 6.08%.
appears that there is still further downside expected!
About Lucid Group…..
Group, Inc. a technology and automotive company, develops electric vehicle (EV)
company designs, engineers, and builds electric vehicles, EV powertrains, and
of June 30, 2021, it operated eight retail studios in the United States. The
company is headquartered in Newark, California.
The Major Catalysts for
the Lucid Group Weekly
Lucid is the
latest EV start-up to go public via a SPAC deal that’s been investigated by the
SEC. Others have included Nikola Corp., Canoo and Lordstown Motors.
deals involving EV start-ups were initially celebrated by investors, sending
shares through the roof and making some founders millionaires, if not
billionaires, overnight. But the tides have turned against many of the
companies after crackdowns this year by the SEC, including investigations,
warnings to investors and potential changes to accounting guidelines.
As of now,
we don't know the details of what the SEC is looking at. What we do know is
that the July 23 merger with Churchill Capital Corp IV gave Lucid the critical
$4.4 billion in cash needed to fund its 2022 operations. So making sure that
the merger was legit is vital to Lucid's long-term future. However, the part
that really sticks out to me is the comment on "certain projections and statements."
A big issue
with all SPACs, not just ones in the EV space, has been borderline exaggerated
projections into how a company expects to perform into the future. When talking
about companies like Lucid that have next to no sales and are far away from
profitability, these projections are closer to speculation. As mentioned in the
past, the forecasts that Lucid laid out in its February, May, and July
presentations should be taken with a grain of salt. The picture that these
projections paint is an idealistic scenario that is probably not going to
happen as hoped and is potentially unhelpful to investors. In many ways, the
idea that the SEC could be cracking down on these forecasts is something that
investors should welcome.Potential
investors are being encouraged by law firms to seek compensation for losses due
to investigation concerns as to whether Lucid has violated the federal
securities laws and/or engaged in other unlawful business practices.
6, 2021, Lucid disclosed in a filing with the U.S. Securities and Exchange
Commission ("SEC") that "[o]n December 3, 2021, [Lucid] received
a subpoena from the [SEC] requesting the production of certain documents
related to an investigation by the SEC. Although there is no assurance as to
the scope or outcome of this matter, the investigation appears to concern the
business combination between the Company (f/k/a Churchill Capital Corp. IV) and
Atieva, Inc. and certain projections and statements."