Rivian Automotive Option Alert: Jul 21 $17.5 Calls Sweep (7) near the Ask: 500 @ $0.85 vs 77096 OI; Earnings 8/10 After Close [est] Ref=$15.6257
Portfolio Pulse from Charles Gross
Rivian Automotive (RIVN) sees a sweep of 500 July 21 $17.5 call options near the ask price of $0.85, with earnings expected on August 10 after market close.
June 20, 2023 | 5:04 pm
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Rivian Automotive sees increased options activity with 500 July 21 $17.5 call options near the ask price of $0.85, ahead of earnings on August 10.
The sweep of 500 July 21 $17.5 call options indicates increased bullish sentiment among investors, which could lead to a short-term increase in RIVN's stock price. The upcoming earnings announcement on August 10 may also contribute to increased volatility and potential price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100