Moderately bullish activity in Rivian (RIVN), with shares up 14c, or 1.01%, near $14.05. Options volume roughly in line with average with 125k contracts traded and calls leading puts for a put/call ratio of 0.72, compared to a typical level near 0.42. Implied volatility (IV30) is higher by 0.6 points near 59.01,in the bottom quartile of the past year, suggesting an expected daily move of $0.52. Put-call skew steepened, indicating increased demand for downside protection.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIVN:
- Mixed options sentiment in Rivian with shares down 1.89%
- Moderately bullish activity in Rivian with shares down 0.96%
- Charged: Tesla’s U.S. market share said to fall to lowest since 2017
- XPeng CEO tells CNBC plans to launch mass-market Mona brand outside China
- XPeng CEO tells CNBC plans to launch mass-market Mona brand outside ChinaMercedes-Benz