A recent increase in bearish options trades for Rivian Automotive has attracted the attention of market observers. With 18 trades identified, it is evident that some significant players are taking a pessimistic view of the company’s future.
Of the 18 trades, 38% of investors are displaying bullish expectations, while a substantial 61% are adopting a bearish stance. The total amount for puts stands at $187,654, while calls amount to $1,670,248.
Upon analyzing the Volume and Open Interest in these contracts, it seems that investors have been targeting a price range from $10.0 to $27.5 for Rivian Automotive over the past quarter.
Taking into consideration today’s trading context, the average open interest for options of Rivian Automotive stands at 5522.67, with a total volume reaching 30,167.00. A comprehensive chart exhibits the volume and open interest for high-value trades within the strike price corridor from $10.0 to $27.5 over the last 30 days.
Rivian Automotive Inc., renowned for its electric vehicle design and manufacturing, has recently introduced its R1T pickup truck and R1S SUV. With this in mind, it is essential to closely examine the company’s position in the market.
Currently, Rivian’s trading volume stands at 28,452,626, with the stock price up by 0.45% at $15.55. RSI indicators suggest that the stock may be oversold, and an earnings announcement is expected in 30 days.
It is important to note that options trading presents higher risks and potential rewards. Experienced traders mitigate these risks by staying informed, adapting their strategies, and closely monitoring market movements.
In conclusion, the recent surge in bearish options activity for Rivian Automotive raises concerns about the company’s future. Investors should closely monitor the latest options trades and stay informed about market trends to make well-informed decisions.
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