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Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian (RIVN) with 84,218 calls trading, 1.2x expected, and implied vol increasing over 1 point to 74.79%. May-26 20 calls and Apr-26 16 calls are the most active options, with total volume in those strikes near 35,400 contracts. The Put/Call Ratio is 0.25. Earnings are expected on April 30th.

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