Rivian Automotive Option Alert: Jul 21 $15 Calls Sweep (49) near the Ask: 2084 @ $1.609 vs 15379 OI; Earnings 8/10 After Close [est] Ref=$15.055
Portfolio Pulse from Charles Gross
Rivian Automotive (RIVN) sees a surge in call options for July 21 with a strike price of $15. The volume of 2,084 contracts is traded at $1.609, compared to an open interest of 15,379. Earnings are expected on August 10 after market close.
June 13, 2023 | 3:18 pm
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POSITIVE IMPACT
Rivian Automotive sees increased call options activity, indicating bullish sentiment among investors ahead of earnings release on August 10.
The increased call options activity for RIVN suggests that investors are expecting the stock price to rise in the short term. This bullish sentiment could be driven by anticipation of positive earnings results on August 10. The high volume of contracts traded compared to open interest indicates a strong interest in these options.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100