Investors with a lot of money to spend have taken a bearish stance on Rivian Automotive RIVN.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RIVN, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Rivian Automotive.
This isn't normal.
The overall sentiment of these big-money traders is split between 10% bullish and 90%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $116,572, and 6 are calls, for a total amount of $203,282.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $30.0 for Rivian Automotive over the last 3 months.
Analyzing Volume & Open Interest
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 $10.0 to $30.0 in the last 30 days.
Rivian Automotive 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RIVN | CALL | SWEEP | BEARISH | 06/20/25 | $5.1 | $5.0 | $5.0 | $10.00 | $50.0K | 8.7K | 103 |
| RIVN | PUT | SWEEP | BEARISH | 12/13/24 | $3.9 | $3.8 | $3.9 | $18.00 | $33.9K | 4 | 87 |
| RIVN | CALL | TRADE | BEARISH | 12/20/24 | $2.91 | $2.89 | $2.89 | $11.00 | $33.8K | 12.1K | 207 |
| RIVN | CALL | SWEEP | BEARISH | 01/15/27 | $3.55 | $3.35 | $3.35 | $25.00 | $32.1K | 11.5K | 140 |
| RIVN | PUT | SWEEP | BEARISH | 12/13/24 | $3.9 | $3.8 | $3.9 | $18.00 | $31.9K | 4 | 169 |
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.
Current Position of Rivian Automotive
- With a trading volume of 19,348,639, the price of RIVN is down by -1.3%, reaching $14.02.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 68 days from now.
Expert Opinions on Rivian Automotive
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $12.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Goldman Sachs has decided to maintain their Neutral rating on Rivian Automotive, which currently sits at a price target of $12.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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