$CCIV Way Oversold - Buy Calls

Since the news of the Lucid Merger the stock fell nearly 60% in just a few days. With the mass sell-offs this week this created a panic and the stock seems to be extremely oversold.

Trade active:

Bought $CCIV $28 Calls
3/19 Exp

Trade closed: target reached:

Closed Calls at $31.50 2/26 right at market open
Quick turn 58% profit

Trade active:

Re-entered at 10:23 am
Bought $31.50 Calls Exp 3/19 $440 per contract