Thursday’s total option volume of 52.2 million contracts resulted in net open interest growth of 5.48 million calls and 5.39 million puts. Rivian (RIVN), NVIDIA (NVDA), Advanced Micro Devices (AMD) and Square (SQ) saw the greatest growth. Top five new positions opened include 43k Snap Inc. (SNAP) May-24 15 calls, 36k Grupo Televisa (TV) Apr-24 2.5 puts, 36k Grupo Televisa (TV) Apr-24 2.5 (nonstd TV1) puts, 35k Petrobras (PBR) 3/8 weekly 18.5 calls and 29k Rivian (RIVN) Jan-26 10 puts.
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Read More on RIVN:
- Rivian Stock: Value Trap or Buying Opportunity?
- Notable open interest changes for February 22nd
- Rivian Automotive price target lowered to $18 from $22 at Needham
- Rivian Automotive price target lowered to $20 from $30 at Canaccord
- Rivian Automotive price target lowered to $15 from $21 at Piper Sandler