Mixed options sentiment in Rivian (RIVN), with shares up 26c, or 1.72%, near $15.38. Options volume relatively light with 45k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.59. Implied volatility (IV30) dropped 1.19 near 60.78,and below the 52wk median, suggesting an expected daily move of $0.59. Put-call skew steepened, indicating increased demand for downside protection.
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