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Unusual option activity detected for Rivian Automotive, Inc. Ticker: RIVN by Market Action App

Thursday, 11.18.2021

74 contracts traded for RIVN $195 strike calls for expiration 12/17/21 with open interest of (298) when the shares were trading at 135.03.

RIVN $195 strike calls for 12/17/21 expiration

Option Flow Order Summary

  • Size: 74
  • Sentiment: BULLISH
  • Estimated Cost Per Contract: 32,560
  • Estimated Premium Value: $33K
  • Volume: 108
  • Open Interest: 298
  • Contract Close Price: 146.07
  • Stock Price at Trade: 135.03
  • Market Action Score: 53.33% Bearish

Why is this an Unusual Option Activity?

  • The order flow was detected as a sweep.

Stock Technical Information

  • Stock Levels: Last Close: 146.07 , Points Change: -11.08, % Change: ⬇️ -7.59%
  • Today’s Volume: 5.08M (10 Days average: 78.04M)
  • Price Levels to consider for tomorrow:

    • Resistance 2: 165.86
    • Resistance 1: 159.26
    • Pivot Point: 149.81
    • Support 1: 136.61
    • Support 2: 131.88
  • Stock is above 10 SMA: 0
  • Stock is above 20 SMA: 0
  • Stock is above 50 SMA: 0
  • Stock is above 100 SMA: 0
  • 52 Week High: 179

Stock chart for RIVN (1 day)


Helpful Info

How is options trade sentiment calculated?

Bullish: Options trades are considered having a “bullish sentiment” when a “call option” is purchased at/near ask price or a “put option” is sold at/near bid price. The buyer or seller of the options is expecting the option, or any financial instrument, will increase in price.

Bearish: Options are “bearish sentiment” when a call option is sold at/near bid price or a put option is bought at/near ask price. The buyer or seller of the options is expecting the option, or any financial instrument, will decrease in price.

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