Thursday’s total option volume of 39.0 million contracts resulted in net open interest growth of 4.20 million calls and 3.49 million puts. Rivian (RIVN), Bank of America (BAC), Coca Cola (KO) and Amazon (AMZN) saw the greatest growth. Top five new positions opened include 28k Bank of America (BAC) Dec-23 15 puts, 25k Altimeter Growth (GRAB) Jan-24 4 calls, 20k Suncor (SU) Dec-23 34 calls, 20k Bausch Health (BHC) 10/13 weekly 8.5 calls and 18k US Steel (X) 10/27 weekly 33 calls.
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Read More on RIVN:
- Is It Time to Buy Rivian Stock? Morgan Stanley Says ‘Yes’
- Rivian (NASDAQ:RIVN) Goes Back to the Well, Shares Plummet
- Rivian Automotive sees Q3 revenue of $1.29B-$1.33B, consensus $1.30B
- Rivian Stock (NASDAQ:RIVN) Tanks on Convertible Debt Offering
- Rivian Automotive files to sell $1.5B of green convertible senior notes due 2030
