Rivian Automotive Target of Unusually High Options Trading (BATS:RAM)

Rivian Automotive, Inc. (BATS:RAM) was the recipient of some unusual options trading on Monday. Stock traders acquired 13,131 call options on the stock. This is an increase of approximately 16% compared to the typical daily volume of 11,289 call options.

Rivian Automotive Stock Performance

Rivian Automotive, Inc is an electric vehicle manufacturer focused on designing and building adventure-oriented EVs. The company develops and sells electric trucks and sport utility vehicles, along with related software and connected services, aimed at both consumer and commercial customers.

Rivian’s product lineup includes the R1T electric pickup truck and the R1S electric SUV, as well as electric delivery vans for commercial fleets. The company also offers charging-related products and software features that support vehicle performance, navigation, and ownership experience.

Founded in 2009 and headquartered in Irvine, California, Rivian has positioned itself as a North American automaker with expanding production and sales efforts.