Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 71,918 calls trading, 5x expected, and implied vol increasing over 2 points to 80.48%. Jul-23 17.5 calls and Dec-23 10 puts are the most active options, with total volume in those strikes near 28,300 contracts. The Put/Call Ratio is 0.32. Earnings are expected on August 9th.