Bullish option flow detected in Rivian with 69,607 calls trading, 1.8x expected, and implied vol increasing over 4 points to 76.79%. 7/12 weekly 15 calls and 7/12 weekly 16 calls are the most active options, with total volume in those strikes near 21,300 contracts. The Put/Call Ratio is 0.34. Earnings are expected on August 6th.
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