Moderately bullish activity in Rivian with shares up 3.76%

Moderately bullish activity in Rivian (RIVN), with shares up 50c, or 3.76%, near $13.93. Options volume relatively light with 56k contracts traded and calls leading puts for a put/call ratio of 0.2, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 0.9 points near 55.55,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.49. Put-call skew steepened, indicating increased demand for downside protection.