Benzinga | Jan 7, 2022 01:11PM EST

Rivian Automotive Whale Trades For January 07

A whale with a lot of money to spend has taken a noticeably bearish stance on Rivian Automotive.

Looking at options history for Rivian Automotive (NASDAQ:RIVN) we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $167,150 and 6, calls, for a total amount of $229,745.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $80.0 to $125.0 for Rivian Automotive over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Rivian Automotive's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Rivian Automotive's whale activity within a strike price range from $80.0 to $125.0 in the last 30 days.

Rivian Automotive Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestRIVN CALL SWEEP BULLISH 01/21/ $85.00 $57.0K 178 531 22RIVN PUT SWEEP BULLISH 03/18/ $120.00 $38.3K 266 12 22RIVN PUT TRADE NEUTRAL 01/20/ $100.00 $37.7K 1.9K 12 23RIVN CALL TRADE BULLISH 01/14/ $90.00 $37.5K 661 1.4K 22RIVN CALL SWEEP BEARISH 01/14/ $90.00 $36.5K 661 1.3K 22

Where Is Rivian Automotive Standing Right Now?

* With a volume of 9,009,180, the price of RIVN is up 0.5% at $87.77.

* RSI indicators hint that the underlying stock may be approaching oversold.

* Next earnings are expected to be released in 43 days.

What The Experts Say On Rivian Automotive:

* Barclays has decided to maintain their Equal-Weight rating on Rivian Automotive, which currently sits at a price target of $115.

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.

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