Stockchase Opinions

Pete Najarian Lucid Group LCID-Q COMMENT May 13, 2022

options Trading just under $18. Today there was a buyer of 23,000 of the May 20 calls at 27-50 cents, fairly cheap with a little (not a lot) of time to play out. The EV space has taken a bad hit, but bouncing today.
$17.995

Stock price when the opinion was issued

Automotive
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BUY
They report Monday. They're due for a re-evaluation, given Rivian's monster move up this week. It's one of the companies ushering the end of the combustion-engine vehicle.
SELL ON STRENGTH
The current EV rally Does this EV rally have staying power or is this like 1999? Tesla is driving this rally and everyone wants to own the next Tesla. You're betting on the momentum of these nascent EV stocks, years away from turning a profit, like Lucid. Remember that online Amazon was one of the few tech stocks from 1999 that survived and thrived. Suppose Tesla will be on the only survivor? Will Rivian? Remember to take profits on these nascent EV stocks--remember, hogs get slaughtered (out of greed). Sell half.
BUY
options The stock is at $18.50. Traders are buying 8,500 May 27 22 calls.
DON'T BUY
It's losing money. Pass
DON'T BUY
Too speculative and it's losing money. Pass.
DON'T BUY

They have a lot of debt, a lot, and need money. It's unlikely that Ford and GM will invest in them in the EV space.

DON'T BUY

A terrible stock. Prefers Rivian and certainly Ford and GM.

DON'T BUY

They're losing lots of money.