Mixed options sentiment in Rivian (RIVN), with shares down 17c near $11.76. Options volume roughly in line with average with 76k contracts traded and calls leading puts for a put/call ratio of 0.22, compared to a typical level near 0.5. Implied volatility (IV30) dropped 0.89 near 47.55,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.35. Put-call skew steepened, indicating increased demand for downside protection.
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