Mixed options sentiment in Rivian with shares down 0.79%

Mixed options sentiment in Rivian (RIVN), with shares down 10c near $11.97. Options volume relatively light with 30k contracts traded and calls leading puts for a put/call ratio of 0.13, compared to a typical level near 0.52. Implied volatility (IV30) is higher by 0.9 points near 49.67,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.37. Put-call skew flattened, suggesting a modestly bullish tone.