Rivian Automotive Option Alert: Fri $25 Calls Sweep (20) near the Ask: 1000 @ $1.63 vs 10601 OI; Earnings 8/8 After Close Ref=$26.07
Portfolio Pulse from Charles Gross
Rivian Automotive has seen a significant option alert with Friday $25 calls sweep near the ask of 1000 @ $1.63 versus an open interest of 10601. The company's earnings are expected to be announced after close on 8/8. The reference price is $26.07.
July 24, 2023 | 6:24 pm
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NEUTRAL IMPACT
Rivian Automotive's stock may see volatility due to the significant option alert. The upcoming earnings announcement could also impact the stock price.
The significant option alert indicates a potential large movement in Rivian's stock price. The upcoming earnings announcement could either drive the price up if the earnings are better than expected, or down if they are worse. Therefore, the short term impact is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100