Mixed options sentiment in Rivian with shares down 2.83%

Mixed options sentiment in Rivian (RIVN), with shares down 48c near $16.47. Options volume roughly in line with average with 138k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.44. Implied volatility (IV30) dropped 0.21 near 72.71,in the top quartile of the past year, suggesting an expected daily move of $0.75. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Rivian (RIVN) will report earnings after the close on 2026-04-30.Option markets are pricing in a 50% probability of a move greater than 8.73% or $1.44.