Rivian Automotive's Options Frenzy: What You Need to Know

Deep-pocketed investors have adopted a bearish approach towards Rivian Automotive RIVN, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RIVN usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Rivian Automotive. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 41% leaning bullish and 58% bearish. Among these notable options, 2 are puts, totaling $58,140, and 10 are calls, amounting to $437,566.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $20.0 for Rivian Automotive during the past quarter.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Rivian Automotive options trades today is 10274.12 with a total volume of 2,808.00.

In the following chart, we are able to follow the development of 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 last 30 days.

Rivian Automotive Call and Put Volume: 30-Day Overview

Largest Options Trades Observed:

About Rivian Automotive

Rivian Automotive Inc designs, develops, and manufactures category-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).

Having examined the options trading patterns of Rivian Automotive, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of Rivian Automotive

• Trading volume stands at 7,445,526, with RIVN's price down by -1.54%, positioned at $11.53.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 54 days.

Professional Analyst Ratings for Rivian Automotive

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $15.6.

• Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Rivian Automotive, targeting a price of $23.
• Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Rivian Automotive, targeting a price of $15.
• Reflecting concerns, an analyst from UBS lowers its rating to Sell with a new price target of $8.
• Maintaining their stance, an analyst from RBC Capital continues to hold a Sector Perform rating for Rivian Automotive, targeting a price of $15.
• An analyst from DA Davidson persists with their Neutral rating on Rivian Automotive, maintaining a target price of $17.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk 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 updated on the latest options trades for Rivian Automotive, Benzinga Pro gives you real-time options trades alerts.