Decoding Rivian Automotive's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on Rivian Automotive. Our analysis of options history for Rivian Automotive RIVN revealed 10 unusual trades.

Delving into the details, we found 60% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $1,305,679, and 2 were calls, valued at $77,195.

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Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $22.5 for Rivian Automotive, spanning the last three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Rivian Automotive stands at 8405.86, with a total volume reaching 13,311.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Rivian Automotive, situated within the strike price corridor from $10.0 to $22.5, throughout the last 30 days.

Rivian Automotive Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
RIVN PUT SWEEP BULLISH 01/19/24 $18.50 $962.2K 13.5K 4.3K
RIVN PUT SWEEP BULLISH 01/19/24 $18.50 $133.6K 13.5K 4.9K
RIVN PUT SWEEP BEARISH 01/26/24 $18.00 $39.0K 2.2K 303
RIVN CALL SWEEP BULLISH 10/18/24 $22.50 $38.7K 439 152
RIVN PUT SWEEP BEARISH 01/26/24 $18.00 $38.7K 2.2K 703

About Rivian Automotive

Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. In the consumer market, the company launched the R1 platform with the first generation of consumer vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle (SUV).

Following our analysis of the options activities associated with Rivian Automotive, we pivot to a closer look at the company's own performance.

Current Position of Rivian Automotive

  • With a trading volume of 19,498,337, the price of RIVN is up by 1.43%, reaching $17.0.
  • Current RSI values indicate that the stock is may be oversold.
  • Next earnings report is scheduled for 34 days from now.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Rivian Automotive, Benzinga Pro gives you real-time options trades alerts.

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RIVNRivian Automotive Inc
$14.021.74%

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