RIVNRivian Automotive, Inc. Class A Common Stock
RIVN Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
RIVN Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 80.5% — elevated vs history
IV/HV 1.29x — IV premium over HV
Sector percentile 85% — above sector median
Front/Back 0.92x — contango
Put/Call IV 1.16x — elevated
ATM IV 59.6% — normal range
Effective IV 79.8% (ATM 59.6% + spread 10.1% + bias) — fair
Total drag 15.18% (spread 10.09% + slippage 5.09%) — high friction
Vega efficiency 2.33 (vega 2.347 / spread 10.09%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -3% (neutral) — Raw: -3%
|OI skew| 6.8% — balanced
Vol skew +31.2%, OI skew +6.8% — aligned
0-DTE 26%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -1%, ATM: +6%, OTM: -5% — neutral (ITM/ATM divergent)
Sector P/C percentile 30% — bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.9x avg — normal
Vol/OI 3.4% — normal turnover
1 day(s) elevated — may be one-day event
OI change +0.1% (5d) — stable
Sector activity percentile 59% — neutral vs sector
Large trade volume 40% — institutional presence
Aggressive execution 44% — patient
Conviction -3 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 10.1% — wide
OI 2,345,912 — deep
Volume 79,128/day — active
$0.50 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 91% — much wider than sector
Depth 747.8 contracts (bid:384.2 ask:363.6) — deep
Avg slippage 5.09% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -7.7% — contango
IV percentile 80% — seller opportunity
IV kink -2.0pts — no clear event
θ/ν ratio 170.07 — favors income trades
4 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -3% @ 52% consistency — unclear
Score 70 (ITM 20% + inst 40%) — HIGH institutional
Directional Strategy Fit
For educational purposes only. Not investment advice.
The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.