Mixed options sentiment in Rivian with shares down 1.89%

Mixed options sentiment in Rivian (RIVN), with shares down 26c near $13.72. Options volume relatively light with 47k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 0.3 points near 58.96,in the bottom quartile of the past year, suggesting an expected daily move of $0.51. Put-call skew steepened, indicating increased demand for downside protection.