Moderately bullish activity in Rivian (RIVN), with shares down 55c near $12.92. Options volume running well above average with 141k contracts traded and calls leading puts for a put/call ratio of 0.63, compared to a typical level near 0.49. Implied volatility (IV30) is higher by 6.2 points near 53.94,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.44. Put-call skew flattened, suggesting a modestly bullish tone.
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