We detected bullish option flow in Lucid Group $LCID stock on October 12, 2022. The option flow appears to be from the company release of Q3 vehicles produced.
Lucid Group Bullish Option Flow
Make sure to review this lesson on option flow so that you understand the image above.
Lucid Produced 2,282 vehicles in Q3 2022, on Track for 2022 Annual Production Guidance of 6,000 to 7,000 vehicles
On October 12, 2022, Lucid Group $LCID announced preliminary production and delivery totals for the quarter ended September 30, 2022. The company produced 2,282 vehicles during Q3 at its manufacturing facility in Arizona, more than tripling the number produced in Q2, and delivered 1,398 vehicles during the same period.
These figures remain in line with the company’s expectations, and Lucid believes it is on track to deliver on its previously provided 6,000 to 7,000 vehicle production guidance for full year 2022.
Lucid Group $LCID Stock Technical Analysis
Lucid $LCID stock is in a technical strong downtrend. Both short-term and intermediate-term indicators suggest a continuation of the downtrend.