UlaMacadam
2021-11-30

$Lucid Group Inc(LCID)$ LCID is a nice early stage company with a nice looking chart that looks like it has plenty room to run. I bought 2024 $40 calls for $17 and sold $70 2024 calls against half of them for $11. So that half cost me $6 net and will make me $70+11 -$40-17 = $24 or 4 × my money if the shares end up over $70 in two years, which seems like a no-brainer. We could be at $70 by Xmas. The other half of the long calls are not limited in what they could be worth if LCID goes to the moon, as it should, due to tje excellence of its produce - the hottest electric car of the moment!

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