Mixed options sentiment in Rivian (RIVN), with shares down 26c near $14.21. Options volume roughly in line with average with 96k contracts traded and calls leading puts for a put/call ratio of 0.26, compared to a typical level near 0.46. Implied volatility (IV30) dropped 2.33 near 51.0,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.46. Put-call skew steepened, indicating increased demand for downside protection.
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