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Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian (RIVN) with 61,390 calls trading, 2x expected, and implied vol increasing over 1 point to 57.80%. Sep-25 16 calls and 9/5 weekly 14 calls are the most active options, with total volume in those strikes near 15,300 contracts. The Put/Call Ratio is 0.31. Earnings are expected on November 6th.

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