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Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 119,670 calls trading, 5x expected, and implied vol increasing over 1 point to 82.44%. 3/1 weekly 16 calls and 2/2 weekly 16 calls are the most active options, with total volume in those strikes near 74,800 contracts. The Put/Call Ratio is 0.08. Earnings are expected on February 21st.

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