Moderately bullish activity in Rivian with shares up 4.49%

Moderately bullish activity in Rivian (RIVN), with shares up 66c, or 4.49%, near $15.35. Options volume roughly in line with average with 60k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.57. Implied volatility (IV30) is higher by 3.9 points near 83.67, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.81. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Rivian (RIVN) will report earnings after the close on 2026-02-12.Option markets are pricing in a 50% probability of a move greater than 14.71% or $2.26.