Moderately bullish activity in Rivian (RIVN), with shares up 35c, or 2.3%, near $15.54. Options volume running well above average with 172k contracts traded and calls leading puts for a put/call ratio of 0.91, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 3.4 points near 66.01,and above the 52wk median, suggesting an expected daily move of $0.65. Put-call skew steepened, indicating increased demand for downside protection.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIVN:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Moderately bullish activity in Rivian with shares up 1.34%
- Sell Rivian (RIVN) Shares Because Its Expectations Are Too High, Says BofA
- Roblox initiated, Target upgraded: Wall Street’s top analyst calls
- Rivian reinstated with an Underperform at BofA