Unusual Options Activity in Lucid Group, Inc. (LCID)
Today, In the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity in Lucid Group, Inc. (LCID).
Today, In the market capitalization-weighted index NASDAQ Global Select Market Composite (NasdaqGS), we saw unusual or noteworthy options trading volume and activity in Lucid Group, Inc. (LCID).
There were a total of 2,590 contracts traded on the $18.5 strike call option at the ask, dated for September 17th, 2021, representing approximately 259,000 shares. There was an additional 1,400 contracts traded on the $20 strike call option also at the ask and for the same date, representing another 140,000 shares. These orders come after Lucid's announcement their batteries would deliver more than 4.5 miles per kilowatt-hour, higher than Tesla's Model S.
Per the chart below, call volume has reached a high of 154,653, represented in green, today, September 1st, 2021. Open interest, in yellow, was 712,501 as of yesterday the 31st, from 791,799 on the 27th. At the time of this writing, the most active chain with at least $1,000 premium is the October 15th, 2021 $17.5 strike call option, represented by $1,748,002 bullish premium, compared to the bearish side at $1,623,779 premium.
Among the underlying components of NYSEArca, we saw unusual and noteworthy options trading volume today in the Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR).
There were a total of 817 contracts traded on the $43 strike call option at the bid, dated for October 15th, 2021, representing approximately 81,700 shares. As previously reported, these orders come in just after reports that Hydrogen could bring back hope for the ETFs. Furthermore, investors are looking to Chinese ETFs as a bargain after having been beaten down.
At the time of this writing, the $43 strike call option opened with an open interest of 2,212 contracts and now has a volume of 2,400 contracts traded.
Among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity today in CBRE Group, Inc. (CBRE).
There were a total of 20,000 contracts traded on the $85 strike call option at the ask, dated for September 17th, 2021, representing approximately 2,000,000 shares. There was an additional 18,000 contracts traded on the $90 strike call option also at the ask, dated for December 17th, 2021, representing another 1,800,000 shares. These orders have come in after Henry Chin, APAC head of research at CBRE stated: "Transaction volume in China won't climb to $10 billion overnight, but there will be significant growth in the medium term."
Per the chart below, call volume has reached a high of 40,184, represented in green, today, September 1st, 2021. Open interest, in yellow, was 28,465 as of yesterday the 31st. At the time of this writing, the most active chains are reported above, the $85 strike call option for September 17th, 2021, and the $90 strike call option for December 17th, 2021, which has resulted in, of minimum premiums of $1,000, 96.2% are in calls, compared to 3.8% puts.
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