Rivian Automotive's Options: A Look at What the Big Money is Thinking

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 25 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 36% leaning bullish and 64% bearish. Among these notable options, 9 are puts, totaling $1,703,299, and 16 are calls, amounting to $639,693.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $37.5 for Rivian Automotive over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for Rivian Automotive options trades today is 7350.0 with a total volume of 16,680.00.

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 $15.0 to $37.5 over the last 30 days.

Rivian Automotive Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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).

In light of the recent options history for Rivian Automotive, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Rivian Automotive's Current Market Status

• Trading volume stands at 9,621,528, with RIVN's price down by -0.16%, positioned at $19.22.
• RSI indicators show the stock to be is currently neutral between overbought and oversold.
• Earnings announcement expected in 42 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.