Bearish options flow identified in Rivian (RIVN), with shares down 26c near $15.36. Options volume relatively light with 52k contracts traded and puts leading calls for a put/call ratio of 1.14, compared to a typical level near 0.47. Implied volatility (IV30) is higher by 0.6 points near 63.91,and below the 52wk median, suggesting an expected daily move of $0.62. Put-call skew steepened, indicating increased demand for downside protection.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIVN:
- Will Rivian’s Deal With Uber, New R2 Model Jumpstart the Stock?
- Charged: Musk to start Terafab project, Uber to invest in Rivian
- ‘AI Driver Is the Future’: Rivian CEO Talks about the Firm’s Uber Deal
- ‘Uber May Become the Largest AV Platform by 2029,’ Says Citi Analyst
- JPMorgan views Rivian pact with Uber as ‘mostly positive’