Lucid Group Inc (LCID)

[Chartmaster]

I got 4 May 40 calls at 17.25 each, so I now have the right to buy 400 shares at 40.00 anytime between now and May 20th, and at yesterdays price 400 shares bought of the stock would cost me $18,800, but with the options I paid 17.25 each for(Times 100 shares as each option controls 100 shares) so I paid $1725 ea X 4 = $6900 so My net gamble is $6900 instead of $18,800 for control of the same 400 shares of LCID..but at 17.25 it's like I paid $57.50 a share instead of yesterdays $47 a share and that is all time premium as part of the equation is you pay up for time premium also, i never exercise options, just trade them, GL