Lucid $35 Chains Open - What that MEANS │ BIG MONEY does BULLISH $5.9M Option │ Lucid Analysis
Overall SentimentBullishStrength: 65%
Overall Thesis
The opening of $35 option chains for LCID (not seen since 2022) and a massive $5.9M bullish multi-leg put-sell transaction by big money signal institutional conviction that Lucid is heading significantly higher over the next several months.
Narratives
LCIDLucid Motors
BullishMarket makers opened $35 strike price chains for Lucid — something not seen since 2022 — indicating they see it as a viable price target. Big money placed a $5.9M bullish multi-leg options transaction selling $2 and $4 puts at December 20 and January 2025 expiry, betting Lucid will remain above those levels. Technicals show the $2.48 super-trend level as the key algorithmic buy signal trigger.
Key Arguments
- $35 strike price options chains opened for first time since 2022 — market makers see it as viable
- $5.9M bullish put-selling transaction across two expiry dates signals big-money conviction
- GameStop earnings and short-squeeze dynamics could create sympathy moves in other heavily-shorted stocks like LCID
- Technical pivot at $2.48 super-trend level should trigger algorithmic buying if crossed
- First week of shorts returning shares in over a week (311K returned Friday)
Analyzed with manual_claude_session | Extraction manual_v1 | Cost: —