Mixed options sentiment in Rivian (RIVN), with shares down 21c near $12.85. Options volume relatively light with 22k contracts traded and calls leading puts for a put/call ratio of 0.28, compared to a typical level near 0.38. Implied volatility (IV30) is higher by 0.9 points near 75.44,and above the 52wk median, suggesting an expected daily move of $0.61. Put-call skew steepened, indicating increased demand for downside protection.
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