Benzinga | Dec 9, 2021 09:54PM EST

What Are Whales Doing With Lucid Gr

Someone with a lot of money to spend has taken a bearish stance on Lucid Gr (NASDAQ:LCID).

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with LCID, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 27 uncommon options trades for Lucid Gr.

This isn't normal.

The overall sentiment of these big-money traders is split between 25.93% bullish and 74.07%, bearish.

Out of all of the special options we uncovered, 21 are puts, for a total amount of $2,200,815.00, and 6 are calls, for a total amount of $319,757.00.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $75.0 for Lucid Gr over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Lucid Gr's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lucid Gr's whale trades within a strike price range from $25.0 to $75.0 in the last 30 days.

Lucid Gr Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestLCID PUT SWEEP BEARISH 01/21/ $42.00 $1.0M 3.4K 1.6K 22LCID PUT SWEEP BULLISH 01/19/ $47.00 $113.9K 2.2K 989 24LCID PUT SWEEP BEARISH 12/10/ $43.00 $104.3K 3.2K 2.2K 21LCID PUT SWEEP NEUTRAL 01/19/ $47.00 $96.2K 2.2K 1.2K 24LCID PUT TRADE NEUTRAL 01/07/ $50.00 $89.7K 251 262 22

Where Is Lucid Gr Standing Right Now?

* With a volume of 58,671,322.00, the price of LCID is down -12.7% at $39.04.

* RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.

* Next earnings are expected to be released in 68 days.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.