Mixed options sentiment in Rivian with shares up 1.87%

Mixed options sentiment in Rivian (RIVN), with shares up 28c, or 1.87%, near $15.53. Options volume roughly in line with average with 161k contracts traded and calls leading puts for a put/call ratio of 0.28, compared to a typical level near 0.4. Implied volatility (IV30) dropped 0.04 near 65.19,and below the 52wk median, suggesting an expected daily move of $0.64. Put-call skew steepened, indicating increased demand for downside protection.