A $LCID Moment: Timing A Short Covering Play With Precision
From Live Trading Room (07.10.24 / 07.12.24 / 07.15.24)
In this short clip from Live Trading Room 07.10.24 / 07.12.24 / 07.15.24, I discuss the trading dynamics of Lucid Motors, highlighting its performance in the electric vehicle market.
My notes to CLUB/EDGE members:
07.12.24 $LCID was my 'highest conviction speculative" bet Monday on a 10/21W crossover (trend reversal short covering) with $2.99 support and $4.29 PT. Stock +43% in a week. Options up a lot more...
07.15.24 Just what I expected: LCID to pull back from $4.29 to $3.86 channel which it did.
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