Moderately bullish activity in Rivian with shares down 0.96%

Moderately bullish activity in Rivian (RIVN), with shares down 14c near $13.86. Options volume relatively light with 25k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 0.6 points near 59.26,in the bottom quartile of the past year, suggesting an expected daily move of $0.52. Put-call skew flattened, suggesting a modestly bullish tone.