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Lucid Stock's Surge Drives Frenzied Options Trading

Lucid stock’s 43% gain on Friday was accompanied by frenetic options trading. Nearly 900,000 contracts changed hands on Friday, more than seven-times typical activity and the most for Lucid Group in more than a year, according to Cboe Global Markets data. Bullish call contracts led puts at roughly three-to-one. + Call options give traders the right, though not the obligation, to buy shares at a stated price by a certain date, while bearish put options grant the right to sell. + Trading tied to T

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