Mixed options sentiment in Rivian (RIVN), with shares up 10c, or 0.55%, near $17.32. Options volume relatively light with 62k contracts traded and calls leading puts for a put/call ratio of 0.21, compared to a typical level near 0.43. Implied volatility (IV30) dropped 0.49 near 69.77,and above the 52wk median, suggesting an expected daily move of $0.76. Put-call skew steepened, indicating increased demand for downside protection.
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