Moderately bullish activity in Rivian (RIVN), with shares up 15c, or 1.05%, near $14.47. Options volume roughly in line with average with 59k contracts traded and calls leading puts for a put/call ratio of 0.64, compared to a typical level near 0.42. Implied volatility (IV30) is higher by 0.6 points near 62.65,and below the 52wk median, suggesting an expected daily move of $0.57. Put-call skew steepened, indicating increased demand for downside protection.
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