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Rivian call volume above normal and directionally bullish

Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 100,330 calls trading, 2x expected, and implied vol increasing almost 2 points to 68.57%. 12/6 weekly 13 calls and 12/6 weekly 12.5 calls are the most active options, with total volume in those strikes near 46,200 contracts. The Put/Call Ratio is 0.18. Earnings are expected on February 18th.

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