Financial giants have made a conspicuous bearish move on Rivian Automotive. Our analysis of options history for Rivian Automotive RIVN revealed 31 unusual trades.
Delving into the details, we found 32% of traders were bullish, while 51% showed bearish tendencies. Out of all the trades we spotted, 21 were puts, with a value of $4,159,033, and 10 were calls, valued at $433,351.
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 $0.5 to $20.0 for Rivian Automotive during the past quarter.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Rivian Automotive options trades today is 12131.5 with a total volume of 33,768.00.
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 $0.5 to $20.0 over the last 30 days.
Rivian Automotive Option Volume And Open Interest Over Last 30 Days
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 | 09/20/24 | $6.65 | $6.55 | $6.6 | $15.00 | $2.2M | 7.3K | 3.4K |
| RIVN | PUT | TRADE | BEARISH | 05/17/24 | $1.22 | $1.2 | $1.22 | $9.00 | $610.0K | 0 | 2 |
| RIVN | PUT | TRADE | BEARISH | 03/21/25 | $7.2 | $7.1 | $7.2 | $15.00 | $161.2K | 60 | 224 |
| RIVN | PUT | TRADE | BEARISH | 05/03/24 | $0.38 | $0.36 | $0.38 | $8.50 | $114.0K | 832 | 3.6K |
| RIVN | PUT | SWEEP | BULLISH | 06/20/25 | $7.5 | $7.45 | $7.45 | $15.00 | $109.5K | 0 | 3.7K |
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).
After a thorough review of the options trading surrounding Rivian Automotive, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Rivian Automotive
- Trading volume stands at 34,799,928, with RIVN's price up by 1.16%, positioned at $8.73.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 15 days.
What The Experts Say 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 $11.6.
- An analyst from Deutsche Bank has decided to maintain their Hold rating on Rivian Automotive, which currently sits at a price target of $15.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Rivian Automotive with a target price of $13.
- An analyst from Truist Securities persists with their Hold rating on Rivian Automotive, maintaining a target price of $11.
- Showing optimism, an analyst from UBS upgrades its rating to Neutral with a revised price target of $9.
- An analyst from Barclays persists with their Equal-Weight rating on Rivian Automotive, maintaining a target price of $10.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Rivian Automotive options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
