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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 79,751 calls trading, 2x expected, and implied vol increasing almost 2 points to 79.47%. Jul-24 18.5 calls and Jul-24 19 calls are the most active options, with total volume in those strikes near 43,200 contracts. The Put/Call Ratio is 0.20. Earnings are expected on August 6th.

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