Rivian Automotive Option Alert: Fri $13.5 Calls at the Ask: 2493 @ $0.63 vs 8597 OI; Ref=$14.11
Portfolio Pulse from Charles Gross
Rivian Automotive (RIVN) sees increased activity in Fri $13.5 call options, with 2493 contracts traded at the ask price of $0.63, compared to 8597 open interest; stock reference price at $14.11.
May 19, 2023 | 1:48 pm
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Rivian Automotive (RIVN) experiences increased demand in Fri $13.5 call options, indicating bullish sentiment among investors.
The increased demand for Rivian Automotive's Fri $13.5 call options at the ask price of $0.63, compared to the open interest of 8597, indicates that investors are expecting the stock price to rise in the short term. This bullish sentiment could have a positive impact on RIVN's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100