Mixed options sentiment in Rivian (RIVN), with shares down 8c near $14.01. Options volume roughly in line with average with 84k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.43. Implied volatility (IV30) dropped 1.94 near 53.07,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.47. Put-call skew steepened, indicating increased demand for downside protection.
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