Moderately bullish activity in Rivian (RIVN), with shares up 27c, or 2.06%, near $13.35. Options volume roughly in line with average with 78k contracts traded and calls leading puts for a put/call ratio of 0.31, compared to a typical level near 0.39. Implied volatility (IV30) is higher by 2.7 points near 72.97,and above the 52wk median, suggesting an expected daily move of $0.61. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Underperform at Mizuho.Looking ahead: Rivian (RIVN) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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