Rivian Automotive Option Alert: Sep 15 $40 Calls Sweep (9) near the Ask: 1000 @ $0.461 vs 22146 OI; Earnings 8/8 After Close Ref=$24.545
Portfolio Pulse from Charles Gross
Rivian Automotive has seen a significant option alert for its September 15 $40 calls, with 1000 contracts traded near the ask price of $0.461, compared to an open interest of 22146. The company's earnings report is due on August 8, after market close. The reference price is $24.545.
July 20, 2023 | 3:08 pm
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Rivian Automotive's significant option alert for its Sep 15 $40 calls could indicate bullish sentiment among investors. The upcoming earnings report on Aug 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 rise. The upcoming earnings report could either confirm this bullish sentiment or cause a shift in market perception, depending on the results.
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