Bullish flow in Rivian (RIVN), with shares up $2.44, or 14.85%, near $18.87. Options volume extremely heavy with 495k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.39. Implied volatility (IV30) is higher by 5.8 points near 69.84,and above the 52wk median, suggesting an expected daily move of $0.83. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underweight at Morgan Stanley.
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