RIVN Rivian Automotive options Ahead of Earnings

Short

Rivian Automotive (NASDAQ:RIVN)

Updated

NASDAQ:RIVN Rivian Automotive

Trend Analysis Technical Indicators Fundamental Analysis RIVN rivian rivianmotors riviansignals rivnstock optionsplay optionsstrategies options-strategy

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If you haven`t sold RIVN Rivian after the bad news:

RIVN Rivian Recalls Its Vehicles Due to Loose Fasteners

Then looking at the RIVN Rivian Automotive options chain ahead of earnings, i would buy the $30 strike price Puts with
2023-6-16 expiration date for about
$6.60 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.

Looking forward to read your opinion about it.

Trade closed: target reached:

Price target reached. the stock hit $27.36 today and the puts are trading at $7.80.

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