Bullish option flow was detected in LCID stock on October 28, 2021.

Bullish Option Flow In LCID Stock

Bullish option flow was detected in LCID stock with 369,250 calls trading, 9x expected, and implied vol increasing almost 7 points to 92.58%. 10/29 weekly $30 calls and 10/29 weekly $29 calls are the most active options, with total volume in those strikes near 135,300 contracts.

Make sure to review this lesson on option flow so that you understand the image above.

Dreams Come True: Lucid Confirms First Customer Deliveries to Take Place on October 30 2021

On October 27, 2021, Lucid Group (NASDAQ:LCID), which is setting new standards with its advanced luxury EVs, announced initial customer deliveries of the Dream Edition launch versions of Lucid Air, which sets new benchmarks in range and efficiency for electric vehicles. The first group of Dream Edition reservation holders are invited to take delivery of their vehicles on Saturday, October 30, 2021. Highlights will be shared on Lucid’s social media channels throughout the weekend. The Dream Delivery event follows the company’s start of production last month at Lucid’s factory in Casa Grande, Arizona, the first greenfield, dedicated electric vehicle manufacturing facility in North America.

Upon receipt of their cars, these initial customers will embark upon the inaugural Lucid Rally, hosted by members of the company’s leadership team on a route that showcases the vehicle’s standout ride, handling, and performance capabilities, before departing in their personally-configured Lucid Air Dream Edition, reflecting their preference of Range or Performance models.

Initial customer deliveries of the Lucid Air Dream Edition, which sets new benchmarks in range and efficiency for electric vehicles as the first with more than 500 miles of range, will begin on Saturday, October 30, 2021.

All Dream Edition models are equipped with a special 118kWh version of Lucid’s long-range battery pack, featuring 22 modules totaling 6,600 cylindrical cells with a chemistry engineered to optimize performance and range. The Dream Edition Range achieves an estimated 520 miles on a single charge according to the Environmental Protection Agency (EPA), making it the longest range for any electric car rated by the organization. It delivers 4.4 miles per kWh, a mark surpassed only by another version of Lucid Air, the Grand Touring, which features a 112kWh battery pack and achieves 4.6 miles per kWh. The Dream Edition Performance model offers 1,111 horsepower, achieving a 0-60 mph time of just 2.42 seconds and a quarter-mile time of 9.67 seconds (with the 21″ wheels and tire package) – while still capable of an EPA-estimated 471 miles of range (with the 19″ wheel and tire package).

“Creating the Lucid Air has truly been a labor of love, with customer deliveries representing the culmination of years of endeavor from the entire Lucid team,” said Peter Rawlinson, CEO and CTO, Lucid Group. “So I’m truly excited to hand the keys to our first dear customers and accompany them on an inaugural drive through the iconic California countryside.”

VIDEO $LCID – LUCID MOTORS IS RUNNING & SHE’S NOT STOPPING

Review Dork writes, “Lucid Group, Inc. Ticker symbol LCID is an American electric vehicle manufacturer headquartered in Newark, California, United States. Lucid’s other divisions include energy storage, and original equipment manufacturing. The company was founded in 2007. Today we look at lucid motor stock better known as LCID and give you stock analysis!”

LCID Stock Technical Analysis

LCID stock chart on October 28, 2021, before the first EV deliveries go to customers this weekend.

Large players volume is surging higher. Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up. LCID has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation. Click here to sign up for email alerts when LCID stock is a good entry.

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