High-rolling investors have positioned themselves bearish on Rivian Automotive RIVN, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in RIVN often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for Rivian Automotive. This is not a typical pattern.
The sentiment among these major traders is split, with 38% bullish and 53% bearish. Among all the options we identified, there was one put, amounting to $32,000, and 12 calls, totaling $463,241.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2.5 to $35.0 for Rivian Automotive during the past quarter.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Rivian Automotive options trades today is 11452.5 with a total volume of 9,383.00.
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 $2.5 to $35.0 over the last 30 days.
Rivian Automotive Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RIVN | CALL | TRADE | BEARISH | 09/19/25 | $14.8 | $13.95 | $13.95 | $2.50 | $69.7K | 1 | 190 |
| RIVN | CALL | TRADE | BEARISH | 12/20/24 | $2.7 | $2.47 | $2.53 | $17.50 | $50.5K | 2.3K | 200 |
| RIVN | CALL | SWEEP | BULLISH | 01/16/26 | $2.34 | $2.21 | $2.32 | $35.00 | $46.3K | 11.8K | 201 |
| RIVN | CALL | TRADE | BULLISH | 01/17/25 | $6.75 | $6.7 | $6.75 | $10.00 | $40.5K | 36.5K | 0 |
| RIVN | CALL | SWEEP | BEARISH | 01/17/25 | $2.1 | $2.01 | $2.01 | $20.00 | $40.4K | 32.1K | 207 |
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).
In light of the recent options history for Rivian Automotive, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Rivian Automotive's Current Market Status
- Currently trading with a volume of 17,670,081, the RIVN's price is up by 3.38%, now at $16.82.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 12 days.
Expert Opinions on Rivian Automotive
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $17.0.
- In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $19.
- Consistent in their evaluation, an analyst from DA Davidson keeps a Neutral rating on Rivian Automotive with a target price of $13.
- An analyst from RBC Capital persists with their Sector Perform rating on Rivian Automotive, maintaining a target price of $14.
- Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on Rivian Automotive with a target price of $20.
- An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $19.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Rivian Automotive with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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