Rivian Automotive Option Alert: Sep 15 $40 Calls Sweep (3) near the Ask: 500 @ $1.04 vs 28587 OI; Earnings 8/8 After Close Ref=$24.7723
Portfolio Pulse from Charles Gross
Rivian Automotive has seen a significant option alert for September 15 $40 calls, with 500 contracts traded near the ask price at $1.04, compared to an open interest of 28,587. The company is expected to announce earnings on August 8 after market close. The reference price is $24.7723.
July 07, 2023 | 6:49 pm
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Rivian Automotive's significant option alert for September 15 $40 calls could indicate bullish sentiment among investors. The upcoming earnings announcement on August 8 may also impact the stock's performance.
The significant volume of call options indicates that investors are expecting the price of Rivian Automotive's stock to increase. The upcoming earnings announcement could either confirm this bullish sentiment or cause a shift in investor sentiment, depending on the results.
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IMPORTANCE 75
RELEVANCE 100