Bullish option flow detected in Rivian with 21,099 calls trading, 1.4x expected, and implied vol increasing almost 4 points to 89.81%. 11/1 weekly 11 calls and 10/25 weekly 10.5 calls are the most active options, with total volume in those strikes near 11,700 contracts. The Put/Call Ratio is 0.22. Earnings are expected on November 7th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RIVN:
- Don’t Go Bargain Hunting on Rivian Stock, J.P. Morgan Says
- 3 Reasons to Remain Optimistic on Rivian (RIVN) Stock
- Rivian Automotive price target lowered to $12 from $14 at JPMorgan
- Charged: Analyst forecasts earnings beat for Tesla ahead of results
- Rivian Automotive price target lowered to $14 from $15 at RBC Capital