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Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 39,137 calls trading, 1.8x expected, and implied vol increasing almost 3 points to 91.90%. 10/11 weekly 11 calls and Oct-24 8 puts are the most active options, with total volume in those strikes near 15,900 contracts. The Put/Call Ratio is 0.33. Earnings are expected on November 7th.

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