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Lucid (LCID) is an EV company that went public last year and is expected to announce its quarterly earnings on May 5, 2022. LCIDs stocks
Lucid (LCID) is an EV company that went public last year and is expected to announce its quarterly earnings on May 5, 2022. LCIDs stocks are currently trading at $18. You are an investor with knowledge of options and would like to take advantage of your expertise. What options strategy would you use around the earnings announcement to make profit? Why did you pick this strategy? Outline the payoffs of your strategy. Use Bloomberg quotes to support your strategy.
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