Bullish option flow detected in Rivian with 130,293 calls trading, 3x expected, and implied vol increasing almost 2 points to 80.30%. 7/12 weekly 18 calls and 7/12 weekly 17 calls are the most active options, with total volume in those strikes near 27,000 contracts. The Put/Call Ratio is 0.47. Earnings are expected on August 6th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIVN:
- Rivian call volume above normal and directionally bullish
- What You Missed This Week in EVs and Clean Energy
- General Motors Stock (NYSE:GM): Well-Positioned for an EV War of Attrition
- Rivian Automotive’s Chief Accounting Officer Departs Amicably
- TSLA, RIVN: Q2 Deliveries a Positive Surprise, Challenges Ahead