Moderately bullish activity in Rivian (RIVN), with shares up 18c, or 1.47%, near $12.42. Options volume relatively light with 107k contracts traded and calls leading puts for a put/call ratio of 0.58, compared to a typical level near 0.49. Implied volatility (IV30) is higher by 1.0 points near 48.37,in the lowest 10% of observations over the past year, suggesting an expected daily move of $0.38. Put-call skew steepened, indicating increased demand for downside protection.
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