Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 106,655 calls trading, 4x expected, and implied vol increasing over 5 points to 80.67%. Jul-23 17.5 calls and Jun-23 15 calls are the most active options, with total volume in those strikes near 41,300 contracts. The Put/Call Ratio is 0.18. Earnings are expected on August 9th.