How long does this take to get back over 40? Call pricing kind of sucks right now but it may get better as it falls.
CCIV only popped on January 11th so trying to chart this is going to be difficult.
@Grimson I mentioned for you to wait until Friday but I just peeked at my charts and I was wrong. Buy now. 26.00 per share is the EMA(very short timeline here but it should bounce at 26.00 and no less.) That is 2.30 per share away so if you wanted to get in now, it wouldn't be the worst thing in the world IMO.
@HearshotKDS How long until 40.00? Magic question right there. On my 20 day 1 HR charts, it could bounce that high in 2 days! It is unlikely though. I think this falls to 26.00 and then we see a good push up until merger.
Many argue CCIV is a 10X bagger. The recent announcement of the merger with Lucid doubled the value from 12B to 24 billion which is the reason for the drop in price.
Long term. Buy at every dip. Be prepared for heavy dips once actual merger happens. Valuations have this stock at 35.00 to 50.00 right now. But tech has dipped across the board.
I hate options unless they are covered calls but my guess is 40.00 by March 21st is not too crazy. This ****** went from 19.00 to 64.00 to 29.00 all in 20 days!!!!--good luck!