Moderately bullish activity in Rivian (RIVN), with shares up 49c, or 3.38%, near $15.00. Options volume roughly in line with average with 60k contracts traded and calls leading puts for a put/call ratio of 0.17, compared to a typical level near 0.44. Implied volatility (IV30) dropped 1.54 near 55.6,in the bottom quartile of the past year, suggesting an expected daily move of $0.53. Put-call skew flattened, suggesting a modestly bullish tone.
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