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Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 67,608 calls trading, 2x expected, and implied vol increasing almost 2 points to 93.33%. 10/25 weekly 11 calls and 10/25 weekly 10.5 calls are the most active options, with total volume in those strikes near 25,700 contracts. The Put/Call Ratio is 0.27. Earnings are expected on November 7th.

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