 boom So money geeks mr. V here welcome to another video guys So into this video we are going to talk about lucid Um, I want to give you guys some update. Um, there's some stuff that's been going on Some stuff that happened even today I want to make sure that I give you guys that update and give you guys my game plan Moving forward but before we get started guys feel new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and your notification bell So you don't miss out on new content. So when it comes to lucid model guys again, you guys know, I'm huge and the stock I'm huge and the company I think they have a really bright future ahead of them But in the process to get to that promise land You're going to go through a really bumpy ride So you can see some ups and downs and I try to give you guys some guidance along the way so that way you don't Panic as you continue to ride the way To the promise land. So if you guys have been following when I see that this stock is probably going to take a beating I'll let you guys know when I see that this stock is probably going to pop I'll let you guys know So for people that are swinging or people that want to get into the stock I try to give you guys as much information About its company as much as possible because like I said, I'm into the stock So if you guys remember today was supposed to be the dream drive day for lucid motor So this was the day where they wanted to come out and show some of the technologies that the dream air currently has So kind of just do a demo or just a display of the technology that is currently in the dream air for people They're going to be getting the dream air and their very next delivery So again, I wasn't super excited about the outcome of that of their dream drive day So if you can jump here, I'm going to show you guys as I come talking about see so today, you know kind of the dream drive They were supposed to reveal some really good advanced technology As far as their driver assistant system and I thought this was going to be real time I mean again, just that was just my personal take. I was hoping For real time demo where they can actually show us how the technology works real time But what lucid did was they did a pre-recorded video Which to me was a little bit disappointing I wanted to see the technology real time if you're showing people that you think and do Parking by itself and it's easy to just do that quick real time and and you know show people how that works So from that perspective, I was a little bit disappointed But it doesn't mean that I'm disappointed in the stock or in the company. I'm not disappointing the company I still hold them in a very high esteem like I've always done So what does that mean for me moving forward? So right now if we get past this stage where lucid is starting to get into Delivery, um, you're gonna see a lot of people that want to get to the stock like the big name the big Investment firms are gonna want to get in so the game plan would be they're gonna push this thing down So they're gonna shut the hell out of this thing and put it down so that they can get in low So again, that's my speculation here So if I'm holding the stack, what do I do from that perspective? What I'm going to do is I'm going to write some cover calls To against my current share. So let's say I own a thousand shares. Hey, that's just a hypothetical number What I can do is I'm going to write a cover call for at least 500 So in that way, if I padway with 500 stocks, I'm fine with you. So I'm going to write that cover call looking somewhere about like the 27 28 dollar strike price And then write that cover call so that if the stock drops And then I would make some money with those calls and if you ever gets up to that point And then I can actually still make money based off my entry point. So that's my game plan But again, if you are not in the stock, what I'll suggest is wait for this thing to calm down So let's just jump here In the chart, I'm going to take a look if you're not in the stock What I want you to do is the levels that I I have identified here and I've done this several times here on the channel With this particular stock so you guys can actually see so if we look down here, this level is right here That's about 19 dollars and some change that has always And stuck and be support for lucid Ever since they made this massive move to the upside. This is a while back. This is some back in february or so But ever since then 19 dollar and some change has been that support. So usually comes down there And then bounce back if you can see here even at 20 21 It does usually bounce somewhere around there, but I'm taking the lower end which is at 19 dollars So if you are looking to get in Start looking somewhere around. Yeah somewhere around here that 21 and then if it keeps coming down to 19 Just keep adding your position So right now the only catalyst that I I see in the pipeline would be the delivery But in the meantime, like I said, I anticipate that Short sellers are going to come in and pick the living hell out of the stock So anticipate kind of a pullback. It won't surprise me if you're thinking pullback into that 20 19 dollar price point again Just because short sellers are going to want to You know make some money as well as big investment firms don't want to pay a lot of money for their shares They want to buy a chip so they're going to want to push that price down So definitely keep an eye on that if you are holding the start long term Um, I mean your game plan here will be probably write some cover calls. Maybe around 28 Dollar strike point and that would be the only thing but if you're looking to get in I'll say it's too weight. There's room for this thing to pull back Where if you this thing pulled back under Uh, let's say around 20 bucks you start your position and then add as it goes down to this 19 dollar price point here So, um, that would be what I anticipate here. So just to kind of give you guys a quick recap here for what just happened lucid air Today october 12 was supposed to do their dream drive You know day and so the purpose of that was to reveal Some of their driver assistant technology and the vehicle and the lucid air vehicle so Again, like I said, I was a little bit disappointed because I was hoping that they would do like a life Demo, but instead they had a pre-recorded video which you can see right here. So if you go to lucid models calm and you can see the videos right here, which is pre-recorded so to me it was a little bit of a disappointing because I expect it more and um what I saw was um, you know them doing a pre-recorded video, which kind of disappointed me So, um, right now again, like I said lucid. I anticipate that lucid is gonna pull back So as I'm doing this video lucid sitting somewhere about 22 dollars and um 85 cents Anticipate this thing to pull down even some it wouldn't surprise me. This thing goes down and and go test 20 In the meantime, which from that perspective would be a great opportunity for people that are looking to get in To start a position and add as it continues to drop if it does drop So I'm gonna do a another video to kind of give you guys an update as we approach That delivery. So again, I wanted to make sure that you guys have this information because for The people that are you know around lucid so we have three kinds of people, right? We'll probably have a long-term investors, which I fall in that category You have swing traders, which are some of the people I mean, I do swing lucid, but I swing it from the perspective where I could do cover calls Or sometimes from my trading account I can swing it and then you have people that just did trade it So these uh messages right here is specifically for people that are looking to hold long-term investors Because this is a bumpy ride because one one day you see lucid at 28 dollars the next day You're seeing it back at 21 dollars. So there's that that whole range of movements I want to make sure that you understand and be ready and know exactly what to do during that period So again, let me know in the comment section What you guys think are you currently in lucid if not you're looking to open the position If you are holding lucid do you have a game plan again for me? This is the future. I'm holding long term I'm just taking advantage of movements in the market with cover calls Against the position that are already on and again, that's just my strategy So I want to hear what you guys are doing with your stacks Let me know again in the comment section if you're new here We talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content also guys if you're looking to get started with investing Weibo has a promotion where if you sign up you get free stacks free crypto Definitely go check them out. I have a link in the description below and as always guys Do your due diligence. Don't be a green savage. Stay motivated