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Investors with a lot of money to spend have taken a bullish stance on Rivian Automotive (NASDAQ: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 12 uncommon options trades for Rivian Automotive.
This isn't normal.
The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $489,052, and 4 are calls, for a total amount of $201,674.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $12.5 for Rivian Automotive over the last 3 months.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Rivian Automotive's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Rivian Automotive's substantial trades, within a strike price spectrum from $5.0 to $12.5 over the preceding 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
RIVN | CALL | SWEEP | BULLISH | 08/16/24 | $1.03 | $1.01 | $1.03 | $12.50 | $103.1K | 24.7K | 1.0K |
RIVN | PUT | SWEEP | BEARISH | 08/16/24 | $1.3 | $1.29 | $1.3 | $10.00 | $91.6K | 16.5K | 770 |
RIVN | PUT | SWEEP | BULLISH | 06/21/24 | $0.55 | $0.54 | $0.55 | $10.00 | $62.9K | 55.4K | 1.9K |
RIVN | PUT | SWEEP | BEARISH | 01/17/25 | $1.23 | $1.19 | $1.23 | $7.50 | $61.5K | 96.7K | 3.3K |
RIVN | PUT | SWEEP | BEARISH | 01/17/25 | $1.23 | $1.22 | $1.23 | $7.50 | $61.5K | 96.7K | 1.6K |
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
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $11.8.
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.
Posted In: RIVN