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Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 68,827 calls trading, 1.0x expected, and implied vol increasing almost 2 points to 61.78%. 8/30 weekly 14.5 calls and 8/30 weekly 14 calls are the most active options, with total volume in those strikes near 30,300 contracts. The Put/Call Ratio is 0.23. Earnings are expected on November 5th.

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