Mixed options sentiment in Rivian (RIVN), with shares down 4c near $19.18. Options volume relatively light with 68k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.49. Implied volatility (IV30) is higher by 5.3 points near 72.34,and above the 52wk median, suggesting an expected daily move of $0.87. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Underperform at Wolfe Research.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIVN:
- Morning News Wrap-Up: Monday’s Biggest Stock Market Stories!
- Medline Stock (MDLN) Surges on a Wave of Post-IPO Buy Notes from Analysts
- Netflix initiated, Palantir upgraded: Wall Street’s top analyst calls
- Rivian appoints Greg Revelle as chief customer officer
- Wolfe Research Sounds the Alarm on Rivian Stock (RIVN)