Bullish option flow detected in Rivian with 90,655 calls trading, 2x expected, and implied vol increasing over 4 points to 79.83%. 1/27 weekly 20 calls and 1/27 weekly 19 calls are the most active options, with total volume in those strikes near 20,700 contracts. The Put/Call Ratio is 0.24. Earnings are expected on February 28th.
Published first on TheFly
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