Rivian Automotive's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Rivian Automotive (NASDAQ:RIVN) has seen a surge in options trading, with a majority of trades being bullish. Significant investors are targeting a price range of $10.0 to $12.5. The stock is currently trading at $12.14, up 3.67%, with an RSI suggesting it may be approaching oversold territory.
September 23, 2024 | 3:01 pm
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Rivian Automotive has experienced a notable increase in options trading, with 60% of trades being bullish. Investors are targeting a price range of $10.0 to $12.5. The stock is currently trading at $12.14, up 3.67%, and may be approaching oversold territory according to RSI readings.
The article highlights a significant bullish sentiment in options trading for Rivian, with a majority of trades being calls. This suggests investor confidence in the stock's short-term price increase. The current stock price increase of 3.67% aligns with this sentiment, and the RSI indicates potential for further movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100