Mixed options sentiment in Rivian (RIVN), with shares down 97c near $16.53. Options volume running well above average with 102k contracts traded and calls leading puts for a put/call ratio of 0.69, compared to a typical level near 0.38. Implied volatility (IV30) is higher by 2.6 points near 70.19,and above the 52wk median, suggesting an expected daily move of $0.73. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Underweight at Morgan Stanley.
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