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Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 77,929 calls trading, 1.8x expected, and implied vol increasing almost 4 points to 63.26%. 8/30 weekly 14.5 calls and 8/30 weekly 15 calls are the most active options, with total volume in those strikes near 26,300 contracts. The Put/Call Ratio is 0.47. Earnings are expected on November 5th.

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