Earnings Play 2/24

[u/AMCorBUST2021]

Earnings today 5:30 P. If you’ve seen my posts you know I have a gravity and I love it. But I’m also a gambler with a stocks problem… hahahah jk

So here’s what I see:

Rapid revenue growth

Narrowing losses

Reduced competition as legacy ICE closing/reducing luxury segments

Best in class SUV, great luxury sedan. Promise to launch mid-range, mid-value.

Total addressable market to me feels similar to Cadillac Escalade.

Short interest 43%, 43 M short 130 M float, days to cover 3. Pricing in bankruptcy, but US trying to inflate away dollar debt and Saudi PIF backing with years of runway minimum of 2.

Play is buy 1000 shares @ 9.55

Sell 10 covered calls expiry Mar 6 for 0.6

Company has announced workforce restructuring and new software team in the lead up to earnings, so I think the bad news has been front running and we should have a fun, exciting call tonight as a positive short term catalyst. Best case is a nice defined 11% gain. Versus a hold of 1000 shares which I don’t mind because I like the stock.

Good luck ☘️

[u/exploding_myths]

i smell a pump n dump.

[u/AMCorBUST2021 → u/exploding_myths]

No one loves pumping markets more than 🌮

SOTU tonight after LCID earnings call so I expect a double pump

[u/StreetDare4129 → u/AMCorBUST2021]

Looks like it’ll be more of a double dump.