Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 82,764 calls trading, 1.0x expected, and implied vol increasing over 1 point to 70.30%. 4/4 weekly 13 calls and 4/4 weekly 13.5 calls are the most active options, with total volume in those strikes near 30,800 contracts. The Put/Call Ratio is 0.38. Earnings are expected on May 6th.

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