Moderately bullish activity in Rivian (RIVN), with shares down 36c near $15.23. Options volume relatively light with 83k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.4. Implied volatility (IV30) is higher by 0.9 points near 62.81,and below the 52wk median, suggesting an expected daily move of $0.60. Put-call skew flattened, suggesting a modestly bullish tone.
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