Benzinga's options scanner just detected over 12 options trades for Rivian Automotive RIVN summing a total amount of $659,200.
At the same time, our algo caught 2 for a total amount of 64,670.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.5 to $17.5 for Rivian Automotive over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Rivian Automotive options trades today is 15719.5 with a total volume of 51,737.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Rivian Automotive's big money trades within a strike price range of $12.5 to $17.5 over 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 | CALL | SWEEP | BULLISH | 07/21/23 | $17.50 | $259.8K | 37.2K | 9.1K |
| RIVN | CALL | SWEEP | BULLISH | 07/14/23 | $16.50 | $75.8K | 2 | 1.2K |
| RIVN | CALL | SWEEP | BULLISH | 06/16/23 | $15.00 | $65.0K | 28.2K | 111 |
| RIVN | CALL | SWEEP | BULLISH | 07/21/23 | $17.50 | $49.1K | 37.2K | 2.5K |
| RIVN | CALL | SWEEP | BULLISH | 07/07/23 | $14.50 | $42.7K | 343 | 450 |
Where Is Rivian Automotive Standing Right Now?
- With a volume of 5,887,455, the price of RIVN is down -1.59% at $14.25.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 66 days.
What The Experts Say On Rivian Automotive:
- DA Davidson has decided to maintain their Underperform rating on Rivian Automotive, which currently sits at a price target of $11.
- Goldman Sachs has decided to maintain their Neutral rating on Rivian Automotive, which currently sits at a price target of $16.
- Goldman Sachs has decided to maintain their Neutral rating on Rivian Automotive, which currently sits at a price target of $16.
- Wells Fargo has decided to maintain their Equal-Weight rating on Rivian Automotive, which currently sits at a price target of $14.
- Mizuho has decided to maintain their Buy rating on Rivian Automotive, which currently sits at a price target of $30.
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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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