Why Rivian Options Traders Are Betting on $14 RIVN Stock for a While
Rivian Automotive(RIVN) Investor Place·2024-08-13 18:17
To understand the mainline concern about electric vehicle manufacturer Rivian Automotive (NASDAQ:RIVN) and why retail investors shouldn’t immediately jump on the technically bullish sentiment in the options market comes down to the classic cost-benefit analysis. Yes, RIVN does look more attractive thanks to its Volkswagen (OTCMKTS:VWAGY) deal. That should help Rivian stock, especially in the pursuit of cheaper EVs. However, there’s a catch.Professional baseball offers an excellent analogy. Offensively, two ...