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Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 57,272 calls trading, 1.4x expected, and implied vol increasing almost 2 points to 67.92%. Jan-25 14.5 calls and 1/24 weekly 16 calls are the most active options, with total volume in those strikes near 19,100 contracts. The Put/Call Ratio is 0.11. Earnings are expected on February 20th.

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