Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 214,832 calls trading, 5x expected, and implied vol increasing almost 4 points to 68.43%. Jun-25 22.5 calls and 3/28 weekly 12.5 calls are the most active options, with total volume in those strikes near 41,100 contracts. The Put/Call Ratio is 0.22. Earnings are expected on May 6th.

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