Rivian Automotive Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bearish approach towards Rivian Automotive RIVN, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RIVN usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 39 extraordinary options activities for Rivian Automotive. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 35% leaning bullish and 64% bearish. Among these notable options, 29 are puts, totaling $1,956,007, and 10 are calls, amounting to $892,347.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.0 to $12.5 for Rivian Automotive over the recent three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Rivian Automotive stands at 16928.0, with a total volume reaching 74,235.00. 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 $5.0 to $12.5, throughout the last 30 days.

Rivian Automotive Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
RIVN CALL TRADE BULLISH 05/10/24 $1.21 $1.15 $1.19 $9.00 $535.5K 275 4.5K
RIVN PUT SWEEP BULLISH 01/17/25 $0.78 $0.77 $0.77 $5.00 $192.5K 17.4K 8.9K
RIVN PUT SWEEP BEARISH 05/10/24 $0.96 $0.91 $0.95 $9.00 $152.4K 938 2.9K
RIVN PUT SWEEP BEARISH 01/16/26 $1.67 $1.5 $1.5 $5.00 $151.3K 59.5K 2.0K
RIVN PUT SWEEP BEARISH 01/17/25 $1.74 $1.7 $1.74 $7.50 $130.5K 87.4K 782

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.

Rivian Automotive's Current Market Status

  • With a volume of 34,882,613, the price of RIVN is down -4.86% at $9.11.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 25 days.

What The Experts Say On Rivian Automotive

5 market experts have recently issued ratings for this stock, with a consensus target price of $16.0.

  • An analyst from Piper Sandler upgraded its action to Overweight with a price target of $21.
  • In a positive move, an analyst from Piper Sandler has upgraded their rating to Overweight and adjusted the price target to $21.
  • Reflecting concerns, an analyst from Mizuho lowers its rating to Neutral with a new price target of $12.
  • Consistent in their evaluation, an analyst from Truist Securities keeps a Hold rating on Rivian Automotive with a target price of $11.
  • An analyst from Deutsche Bank persists with their Hold rating on Rivian Automotive, maintaining a target price of $15.

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
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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