Bullish option flow detected in Lucid Group with 19,749 calls trading, 6x expected, and implied vol increasing over 2 points to 111.11%. 4/28 weekly 8 calls and 4/28 weekly 7.5 calls are the most active options, with total volume in those strikes near 10,500 contracts. The Put/Call Ratio is 0.38. Earnings are expected on May 8th.
Published first on TheFly
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