Mixed options sentiment in Rivian with shares down 1.27%

Mixed options sentiment in Rivian (RIVN), with shares down 18c near $13.60. Options volume relatively light with 60k contracts traded and calls leading puts for a put/call ratio of 0.75, compared to a typical level near 0.58. Implied volatility (IV30) dropped 0.03 near 55.48,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.48. Put-call skew steepened, indicating increased demand for downside protection.