Moderately bullish activity in Rivian (RIVN), with shares up 78c, or 6.39%, near $12.89. Options volume running well above average with 102k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.52. Implied volatility (IV30) dropped 2.37 near 47.13,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.38. Put-call skew flattened, suggesting a modestly bullish tone.
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