Mixed options sentiment in Rivian (RIVN), with shares down 36c near $12.28. Options volume running well above average with 131k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.49. Implied volatility (IV30) dropped 0.52 near 65.05,and below the 52wk median, suggesting an expected daily move of $0.50. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Neutral at Guggenheim.
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