Rivian Automotive (NASDAQ:RIVN) – Rivian Automotive Whale Trades Spotted

Someone with a lot of money to spend has taken a bullish stance on Rivian Automotive SHORE.

And retailers should know that.

We noticed this today when the big position appeared on the history of publicly available options we track here at Benzinga.

Whether it is 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 about to happen.

So how do we know what this whale just did?

Today, BenzingaOptions scanner spotted 36 unusual options trades for Rivian Automotive.

It is not normal.

The general sentiment of these big traders is split between 52% bullish and 47% bearish.

Of all the special options we discovered, 4 are put options, totaling $204,805, and 32 are call options, totaling $1,623,272.

What is the target price?

Given the volume and open interest in these contracts, it appears whales have been targeting a $17.5-$100.0 price range for Rivian Automotive over the past 3 months.

Development of volume and open interest

In terms of liquidity and interest, the average open interest for Rivian Automotive options trades today is 4355.32 with a total volume of 41,040.00.

In the following chart, we are able to track the development of the volume and open interest of call and put options for large trades of Rivian Automotive within a strike price range of $17.5 at $100.0 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 CALL TRADE BEARISH 11/18/22 $40.00 $256,000 5.8K 2.2K
SHORE CALL SWEEP BULLISH 01/20/23 $35.00 $151,000 8.7K 366
SHORE PUT SWEEP BEARISH 10/21/22 $35.00 $77.4,000 3.0K 313
SHORE CALL SWEEP BEARISH 09/16/22 $37.00 $76,600 3.1K 1.4K
SHORE CALL SWEEP BULLISH 01/20/23 $35.00 $75,000 8.7K 166









Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume
SHORE CALL TRADE BEARISH 11/18/22 $40.00 $256,000 5.8K 2.2K
SHORE CALL SWEEP BULLISH 01/20/23 $35.00 $151,000 8.7K 366
SHORE PUT SWEEP BEARISH 10/21/22 $35.00 $77.4,000 3.0K 313
SHORE CALL SWEEP BEARISH 09/16/22 $37.00 $76,600 3.1K 1.4K
SHORE CALL SWEEP BULLISH 01/20/23 $35.00 $75,000 8.7K 166

Where is Rivian Automotive at the moment?

  • With a volume of 22,413,218, the price of RIVN is up 1.34% to $37.38.
  • RSI indicators suggest that the underlying stock may be close to overbought.
  • The next results should be published in 97 days.

What the experts say about Rivian Automotive:

  • Mizuho has decided to maintain its Buy rating on Rivian Automotive, which currently sits at a price target of $65.
  • DA Davidson has decided to maintain its underperforming rating on Rivian Automotive, which currently sits at a price target of $27.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, increasing and decreasing trades, following more than one indicator, and following the markets closely.

If you want to stay up to date on the latest options trading for Rivian Automotive, BenzingaPro gives you real-time alerts on options trades.

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