Mixed options sentiment in Rivian with shares up 2.94%

Mixed options sentiment in Rivian (RIVN), with shares up 42c, or 2.94%, near $14.69. Options volume roughly in line with average with 85k contracts traded and calls leading puts for a put/call ratio of 0.13, compared to a typical level near 0.41. Implied volatility (IV30) dropped 0.05 near 56.86,in the bottom quartile of the past year, suggesting an expected daily move of $0.53. Put-call skew steepened, indicating increased demand for downside protection.