Moderately bullish activity in Rivian with shares up 2.26%

Moderately bullish activity in Rivian (RIVN), with shares up 30c, or 2.26%, near $13.80. Options volume roughly in line with average with 60k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.45. Implied volatility (IV30) is higher by 1.6 points near 71.79,and above the 52wk median, suggesting an expected daily move of $0.62. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Rivian (RIVN) will report earnings after the close on 2025-11-04.Option markets are pricing in a 50% probability of a move greater than 10.32% or $1.43.