Bullish option flow detected in Rivian with 47,956 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 97.26%. 5/3 weekly 9.5 calls and Sep-24 5 puts are the most active options, with total volume in those strikes near 24,200 contracts. The Put/Call Ratio is 0.36. Earnings are expected on May 7th.
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