A look at Rivian Automotive's recent whale swaps
Someone with a lot of money to spend has taken a bullish stance on Rivian Automotive RIVN.
And retailers should know.
We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.
Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with RIVN, it often means someone knows something is going to happen.
Benzinga's options scanner today spotted 13 options trades for Rivian Automotive.
This is not normal.
The general sentiment of these big traders is split between 61% bullish and 38% bearish.
Of all the options we discovered, there was 1 put, for a total amount of $87,500, and 12 calls, for a total amount of $415,190.
What is the target price?Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $30.0 to $75.0 for Rivian Automotive over the course of for the past 3 months.
Development of volume and open interestWatching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Rivian Automotive options for a given strike price. Below we can observe the evolution of call and put volume and open interest, respectively, for all Rivian Automotive whale trades within a strike price range of $30.0 at $75.0 in the last 30 days.
Rivian Automotive Options Volume and Open Interest in the Last 30 Days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume SHORE PUT SWEEP BULLISH 09/16/22 $32.00 $87.5,000 814 1.7K SHORE CALL SWEEP BEARISH 09/16/22 $32.50 $49,400 650 818 SHORE CALL SWEEP BULLISH 09/16/22 $32.50 $45.7,000 650 302 SHORE CALL TRADE BULLISH 09/16/22 $31.50 $40.5,000 299 793 SHORE CALL TRADE BULLISH 01/19/24 $30.00 $39,900 1.8K 32
Someone with a lot of money to spend has taken a bullish stance on Rivian Automotive RIVN.
And retailers should know.
We noticed this today when the big position appeared on the history of publicly available options that we track here at Benzinga.
Whether it's an institution or just a wealthy individual, we don't know. But when something this big happens with RIVN, it often means someone knows something is going to happen.
Benzinga's options scanner today spotted 13 options trades for Rivian Automotive.
This is not normal.
The general sentiment of these big traders is split between 61% bullish and 38% bearish.
Of all the options we discovered, there was 1 put, for a total amount of $87,500, and 12 calls, for a total amount of $415,190.
What is the target price?Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $30.0 to $75.0 for Rivian Automotive over the course of for the past 3 months.
Development of volume and open interestWatching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Rivian Automotive options for a given strike price. Below we can observe the evolution of call and put volume and open interest, respectively, for all Rivian Automotive whale trades within a strike price range of $30.0 at $75.0 in the last 30 days.
Rivian Automotive Options Volume and Open Interest in the Last 30 Days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume SHORE PUT SWEEP BULLISH 09/16/22 $32.00 $87.5,000 814 1.7K SHORE CALL SWEEP BEARISH 09/16/22 $32.50 $49,400 650 818 SHORE CALL SWEEP BULLISH 09/16/22 $32.50 $45.7,000 650 302 SHORE CALL TRADE BULLISH 09/16/22 $31.50 $40.5,000 299 793 SHORE CALL TRADE BULLISH 01/19/24 $30.00 $39,900 1.8K 32What's Your Reaction?
