Bullish option flow detected in Rivian (RIVN) with 52,009 calls trading, 2x expected, and implied vol increasing over 1 point to 56.77%. 5/23 weekly 16 calls and May-25 15 calls are the most active options, with total volume in those strikes near 17,000 contracts. The Put/Call Ratio is 0.32. Earnings are expected on August 5th.
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