A Closer Look at Rivian Automotive Options Market Dynamics – Rivian Automotive (NASDAQ:RIVN)

A Closer Look at Rivian Automotive Options Market Dynamics – Rivian Automotive (NASDAQ:RIVN)


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For a limited time, options expert Nic Chahine is giving you access to his professional options for practically free. Thousands of investors are improving their success rate through trading options. So, when you claim your offer of $0.99 now, things will likely start to look very different in your portfolio! Get a special 93% off discount now before it’s gone forever.


Deep-pocketed investors have taken a bullish approach to Rivian Automotive (NASDAQ:RIVN), which is something market players shouldn’t ignore. Our tracking of Benzinga’s public options records revealed this important move today. The identity of these investors remains unknown, but such a big move for RIVN usually indicates that something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 14 exceptional discretionary activities for Rivian Automotive. This level of activity is out of the ordinary.

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The mood among these heavyweight investors is divided, with 50% bullish and 50% bearish. Among these notable options are 3 put options, totaling $267,348, and 11 call options, worth $961,148.

Expected price range

Taking into account the volume and open interest of these contracts, it appears that the whales have been targeting a price range of $10.0 to $20.0 for Rivian Automotive over the past three months.

Volume and open interest analysis

In terms of liquidity and interest, the average open interest for Rivian Automotive options trades today is 12238.6 with a total volume of 14,979.00.

In the following chart, we are able to follow the evolution of the volume and open interest of call and put options for Rivian Automotive’s big money trades within a strike price range of $10.0 to $20.0 over the past 30 days.

Rivian Automotive option volume and open interest over the last 30 days


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Noteworthy Options Activity:

Code Mode/Connect Trade Type Feelings Earn. date Strike price Total trade price Express interest amount
Raven communicate to survey neutral 03/15/24 $17.50 303.3 thousand dollars 6.8K 26
Raven Put to survey Progressive 12/15/23 $15.00 167.6 thousand dollars 23.9K 7.0 thousand
Raven communicate to survey Progressive 12/15/23 $17.50 121.0 thousand dollars 9.2K 2.4 K
Raven communicate commerce Progressive 12/19/25 $20.00 110.4 thousand dollars 3.5 k 441
Raven communicate commerce Progressive 03/15/24 $17.50 106.5 thousand dollars 6.8K 2.1 K

About Rivian Automotive Company

Rivian Automotive designs, develops and manufactures segment-defining electric vehicles and accessories. In the consumer market, the company launched the R1 platform with the first generation of consumer vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle (SUV). ).

After a comprehensive review of the options trading surrounding Rivian Automotive, we move on to examine the company in more detail. This includes an assessment of the current market condition and performance.

Current market situation of Rivian Automotive

  • Currently trading at a volume of 9,784,003, RIVN’s price is down -0.39%, now at $15.34.
  • Relative Strength Index readings indicate that the stock may currently be approaching the oversold zone.
  • Expected earnings will be released in 106 days.

What do analysts say about Rivian Automotive?

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average price target of $25.0.

  • In line with their rating, an analyst from Cantor Fitzgerald maintains an Overweight rating on Rivian Automotive with a price target of $27.
  • An analyst from Wells Fargo decided to maintain an equal weight rating on Rivian Automotive, which currently sits at a price target of $19.
  • An analyst from Cantor Fitzgerald raised his position to overweight, setting a new price target of $29.

Options are a riskier asset compared to just trading stocks, but they have higher profit potential. Serious options traders manage these risks by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay on top of Rivian Automotive’s latest options trades, Benzinga Pro gives you real-time options trade alerts.


Thousands of investors boost their success rates through options

For a limited time, options expert Nic Chahine is giving you access to his professional options for practically free. Thousands of investors are improving their success rate through trading options. So, when you claim your offer of $0.99 now, things will likely start to look very different in your portfolio! Get a special 93% off discount now before it’s gone forever.


© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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