Here's the Ideal Options Strategy for Lucid Motors for the Next Few Months
After confirming last month that it would be merging with Lucid Motors, shares of special-purpose acquisition company (SPAC) Churchill Capital IV (NYSE: CCIV) crashed back down to Earth following a speculative run-up that peaked around $65. The shares have been fairly volatile in the weeks since, as have many growth-oriented stocks, particularly companies that are pre-revenue. Lucid Motors is planning to commence volume production of its flagship Air sedan in the second half of 2021, and the merger with Churchill Capital IV is expected to close in the second quarter.
With a lack of near-term catalysts, combined with elevated implied volatility (IV) levels, here's an options strategy that is ideal for those market conditions.
Image source: Lucid Motors.
Source Fool.com
