Rivian Automotive Option Alert: Oct 20 $35 Calls Sweep (33) near the Ask: 2320 @ $1.3 vs 2758 OI; Earnings 8/8 After Close Ref=$25.5
Portfolio Pulse from Charles Gross
Rivian Automotive has seen a significant option alert for October 20 $35 calls, with 2320 contracts traded near the ask price at $1.3, compared to an open interest of 2758 contracts. The company is set to announce its earnings on August 8, after market close. The reference price is $25.5.
August 04, 2023 | 11:49 am
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NEUTRAL IMPACT
Rivian Automotive's stock may see increased volatility due to the significant option activity. The upcoming earnings announcement could also influence the stock's performance.
The significant option activity indicates that investors are expecting a price movement for Rivian Automotive's stock. However, the direction of the movement is uncertain. The upcoming earnings announcement could either drive the price up if the results are better than expected, or down if they are worse.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100