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 14 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 21% leaning bullish and 71% bearish. Among these notable options, 8 are puts, totaling $798,541, and 6 are calls, amounting to $401,726.
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 $5.0 to $14.0 for Rivian Automotive during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Rivian Automotive's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Rivian Automotive's whale activity within a strike price range from $5.0 to $14.0 in the last 30 days.
Rivian Automotive 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RIVN | PUT | TRADE | NEUTRAL | 01/17/25 | $1.2 | $1.18 | $1.19 | $10.00 | $476.0K | 53.2K | 4.8K |
| RIVN | CALL | SWEEP | BULLISH | 11/15/24 | $0.54 | $0.53 | $0.53 | $14.00 | $179.2K | 1.1K | 5.7K |
| RIVN | PUT | SWEEP | BEARISH | 09/27/24 | $0.4 | $0.39 | $0.4 | $11.50 | $100.8K | 5.0K | 515 |
| RIVN | CALL | SWEEP | BEARISH | 01/15/27 | $7.35 | $7.3 | $7.3 | $5.00 | $73.0K | 242 | 108 |
| RIVN | PUT | SWEEP | BULLISH | 01/17/25 | $1.22 | $1.19 | $1.19 | $10.00 | $71.4K | 53.2K | 696 |
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
Present Market Standing of Rivian Automotive
- With a volume of 50,692,485, the price of RIVN is down -6.76% at $11.04.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 41 days.
Expert Opinions on Rivian Automotive
In the last month, 5 experts released ratings on this stock with an average target price of $17.8.
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