Deep-pocketed investors have shown a bearish sentiment towards Rivian Automotive (NASDAQ:RIVN), with options trading data revealing 64% bearish and 35% bullish positions. The trading activity suggests a price target range of $5.0 to $12.5 for RIVN in the next three months. Notable options activity includes both puts and calls with significant total trade prices. Rivian's current market status shows a price drop of -4.86% at $9.11, with the stock potentially being oversold. Analyst ratings vary, with a consensus target price of $16.0, and Piper Sandler upgrading RIVN to Overweight with a target of $21.