Rivian Automotive Option Alert: Jul 21 $17.5 Calls Sweep (17) near the Ask: 500 @ $0.59 vs 12754 OI; Ref=$14.4881
Portfolio Pulse from Charles Gross
Rivian Automotive (RIVN) has seen a sweep of 500 call options for July 21 at a strike price of $17.5, trading near the ask price of $0.59, compared to an open interest of 12,754. The stock is currently trading at $14.4881.

June 01, 2023 | 2:56 pm
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NEUTRAL IMPACT
Rivian Automotive's stock may experience short-term volatility due to the sweep of 500 call options for July 21 at a strike price of $17.5, trading near the ask price of $0.59.
The sweep of 500 call options for Rivian Automotive at a strike price of $17.5 indicates increased trading activity and potential bullish sentiment among investors. However, it is uncertain whether this will have a significant impact on the stock price in the short term, as the stock is currently trading at $14.4881, below the strike price. The increased trading activity may lead to short-term volatility, but the overall impact on the stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100