Check Out What Whales Are Doing With RIVN

Investors with a lot of money to spend have taken a bullish stance on Rivian Automotive (NASDAQ:RIVN).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RIVN, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 20 uncommon options trades for Rivian Automotive.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $156,540, and 17 are calls, for a total amount of $1,032,773.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $14.5 to $30.0 for Rivian Automotive over the last 3 months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Rivian Automotive's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Rivian Automotive's significant trades, within a strike price range of $14.5 to $30.0, over the past month.

Rivian Automotive Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
RIVN CALL TRADE BEARISH 03/01/24 $16.00 $170.5K 16.5K 3.6K
RIVN CALL SWEEP BULLISH 03/01/24 $16.00 $131.1K 16.5K 1.0K
RIVN CALL SWEEP BULLISH 03/01/24 $16.00 $124.0K 16.5K 1.0K
RIVN CALL SWEEP BEARISH 02/16/24 $14.50 $109.9K 5.6K 943
RIVN PUT TRADE BULLISH 01/16/26 $27.50 $70.7K 233 60

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).

Having examined the options trading patterns of Rivian Automotive, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Rivian Automotive's Current Market Status

  • With a volume of 11,114,653, the price of RIVN is up 1.7% at $15.57.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 20 days.

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.

Market News and Data brought to you by Benzinga APIs

Comments
Loading...