This Is What Whales Are Betting On Rivian Automotive

Author: Benzinga Insights | April 22, 2024 04:45pm

Financial giants have made a conspicuous bearish move on Rivian Automotive. Our analysis of options history for Rivian Automotive (NASDAQ: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.

Posted In: RIVN