Mixed options sentiment in Rivian (RIVN), with shares up 43c, or 3.69%, near $12.07. Options volume relatively light with 94k contracts traded and calls leading puts for a put/call ratio of 0.64, compared to a typical level near 0.48. Implied volatility (IV30) dropped 1.73 near 48.71,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.37. Put-call skew steepened, indicating increased demand for downside protection.
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