Rivian Automotive Option Alert: Jul 21 $17.5 Calls Sweep (3) near the Ask: 1479 @ $0.29 vs 75180 OI; Earnings 8/10 After Close [est] Ref=$13.72
Portfolio Pulse from Charles Gross
Rivian Automotive (RIVN) sees a surge in Jul 21 $17.5 calls sweep near the ask with 1,479 contracts at $0.29, compared to 75,180 open interest. Earnings are expected on 8/10 after the market close.
June 23, 2023 | 4:51 pm
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NEUTRAL IMPACT
Rivian's stock price may experience short-term volatility due to the surge in Jul 21 $17.5 calls sweep. Earnings announcement on 8/10 could also impact the stock.
The surge in call options indicates increased interest in Rivian's stock, which could lead to short-term volatility. Additionally, the upcoming earnings announcement on 8/10 may also impact the stock price depending on the results.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100