Mixed options sentiment in Rivian with shares up 2.43%

Mixed options sentiment in Rivian (RIVN), with shares up 32c, or 2.43%, near $13.71. Options volume relatively light with 19k contracts traded and calls leading puts for a put/call ratio of 0.49, compared to a typical level near 0.57. Implied volatility (IV30) dropped 2.25 near 55.26,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.48. Put-call skew steepened, indicating increased demand for downside protection.