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Feb 17, 2024 6:34 PM

RIVN Rivian Automotive Options Ahead of Earnings Long

Rivian Automotive, Inc.NASDAQ

Description

If you haven't sold RIVN after the Recall of Its Vehicles Due to Loose Fasteners:

nor reentered the Double Bottom:


Then analyzing the options chain and the chart patterns of RIVN Rivian Automotive prior to the earnings report this week,
I would consider purchasing the 16usd strike price Calls with
an expiration date of 2024-3-1,
for a premium of approximately $1.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



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