Mixed options sentiment in Rivian (RIVN), with shares up 18c, or 1.16%, near $15.22. Options volume roughly in line with average with 58k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.45. Implied volatility (IV30) dropped 2.44 near 60.77,and below the 52wk median, suggesting an expected daily move of $0.58. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Neutral at DA Davidson.
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