$LCID 20261002 4.0 PUT$ 1️⃣ Why am I making this trade now?
Selling a LCID $4 Put here is a calculated bullish income trade, not a momentum bet.
LCID has pulled back after recent volatility, but the $4 level looks like a price I’m comfortable owning shares if assigned. Rather than chasing the stock, I’m getting paid a premium while waiting.
My thesis is simple:
* Near-term downside appears more limited around this strike than the recent highs/lows suggest.
* Elevated implied volatility means option premiums are still attractive.
* If LCID stays above $4, I keep the premium. If it falls below $4, I’m prepared to own the shares at an effective cost basis below the strike after premium received.
2️⃣ What’s my plan from here?
I’ll be watching:
* Price action around the $4 support level.
* Any company updates, EV demand news, and broader market sentiment.
* Option premium decay heading into expiry.
If LCID remains above $4, I’ll let theta do the work and collect the premium. If I’m assigned, I’ll reassess based on fundamentals and potentially sell covered calls to generate additional income.
This trade is about getting paid to wait, while keeping a clear plan for both outcomes.| Side | Price | Filled | Realized P&L |
|---|
| Sell Open | 0.13 1Lot(s) | +15.39% Holding |
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