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Moderately bullish activity in Rivian with shares down 7.36%

Moderately bullish activity in Rivian (RIVN), with shares down $1.07 near $13.54. Options volume running well above average with 278k contracts traded and calls leading puts for a put/call ratio of 0.33, compared to a typical level near 0.44. Implied volatility (IV30) is higher by 1.3 points near 65.26,and below the 52wk median, suggesting an expected daily move of $0.56. Put-call skew flattened, suggesting a modestly bullish tone.

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