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Barchart

Mark R. Hake, CFA

Lucid Shows Huge Unusual Put Options Activity After Disappointing Results

Lucid LCID Barchart Lucid Group AnaChart electric vehicle Luxury Cantor Fitzgerald

Lucid Group (LCID), the luxury electric vehicle maker, produced poor Q3 results after the market closed on Nov. 7. Barchart reports two large unusual tranches of puts traded today. This indicates a pessimistic investor outlook for LCID stock.

In morning trading on Wed., Nov. 8, LCID was trading for $3.99, down about 7.2% on the day. The large put tranches that have traded today were for the $3.50 strike price expiring on Jan. 19, 2024. This was reported in Barchart's Unusual Stock Options Activity Report.

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