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Lucid Group call volume above normal and directionally bullish

Bullish option flow detected in Lucid Group with 77,023 calls trading, 3x expected, and implied vol increasing over 5 points to 80.40%. 6/23 weekly 7 calls and Jun-23 7 calls are the most active options, with total volume in those strikes near 39,100 contracts. The Put/Call Ratio is 0.08. Earnings are expected on August 3rd.

Published first on TheFly

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