i am flat, taking a breather. will look for a dip to re-establish positions from. actually will probably go short into next week.
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sssssoooooooo i dont think there is a lot of point in trying to long lucid at this point since we basically had about 2 years of projected growth in like a month.
ill look to either buy big dips or short any huge spikes but now that IV has priced in this sort of behavior, my heart isnt really in it.
probably some good call-spread triple-up opportunities on future ERs tho.
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i really hope yall are buying this dip.
apparently its because a battery demonstration didnt make sense to some people in the audience and they were all SHENANIGANS THESE NUMBERS DONT MAKE SENSE and that freaked out a lot of investors.
https://insideevs.com/news/551500/lu...-analysis/amp/
already recovering. i took some $50/$51 call spreads that expire tomorrow and pay out about 800%. as one does.
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Im down 28% the past 3 months across every industry imaginable. Dunno how Im supposed to buy dips? With imaginary money?
Edit: Apologies, Im just losing my entire gains from last year with POWW and I want to literally bash my head into the wall.
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id be very surprised if we didnt see a meme / retail rotation back into lcid soon. like, if we dont, i think a very, very safe play here is to just buy two week ITM spreads at like... 4% under market and just cash/rotate into the next spread once you realize maybe half of the 60% potential value.
if it drops out the gate and youre stuck, you have 2 weeks to gap fill.
a bit of perspective; do this 2x a month for a year and you can take $1000 to $400k. obviously you have to fade getting black swanned and you have to show some discipline on picking your entries but even if you literally throw on a blindfold and jump into each position blind, you have a 61.3% chance of closing every contract out at +58.7% profit.
the poker player in me is having a real tough time calling that 'gambling' in any derogatory sense of the word.
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Lucid Group, Inc.
LCID-15.9%+ Free Alerts
shares are coming under intense selling pressure Monday after the company disclosed an investigation by the SEC.
What Happened: Lucid received a subpoena from the SEC Friday requesting documents related to an investigation by the regulator, an 8-K filing by the California-based EV maker revealed.
The investigation appears to be related to the business combination with the SPAC Churchill Capital Corp. IV and Atieva, Inc., and certain projections and statements.
The company said it is cooperating with the SEC in its review.
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