Moderately bullish activity in Rivian (RIVN), with shares up 20c, or 1.34%, near $15.12. Options volume relatively light with 19k contracts traded and calls leading puts for a put/call ratio of 0.3, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 1.2 points near 63.81,and below the 52wk median, suggesting an expected daily move of $0.61. Put-call skew flattened, suggesting a modestly bullish tone.
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