Mixed options sentiment in Rivian (RIVN), with shares up 2c, or 0.15%, near $16.18. Options volume relatively light with 54k contracts traded and calls leading puts for a put/call ratio of 0.48, compared to a typical level near 0.51. Implied volatility (IV30) dropped 1.48 near 74.69,in the top quartile of the past year, suggesting an expected daily move of $0.76. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Sell at UBS.
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