Bullish flow in Rivian (RIVN), with shares up 20c, or 1.6%, near $13.01. Options volume relatively light with 31k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 0.4. Implied volatility (IV30) is higher by 1.9 points near 76.78,in the top quartile of the past year, suggesting an expected daily move of $0.63. Put-call skew flattened, suggesting a modestly bullish tone.
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