Mixed options sentiment in Rivian with shares down 3.77%

Mixed options sentiment in Rivian (RIVN), with shares down 52c near $13.38. Options volume roughly in line with average with 62k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 0.4 points near 56.52,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.48. Put-call skew steepened, indicating increased demand for downside protection.