Bullish option flow detected in Lucid Group with 28,231 calls trading, 5x expected, and implied vol increasing over 13 points to 106.78%. 4/28 weekly 7.5 calls and 5/5 weekly 7.5 calls are the most active options, with total volume in those strikes near 11,400 contracts. The Put/Call Ratio is 0.16. Earnings are expected on May 8th.
Published first on TheFly
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