Energy Industry News

Rivian options buyers may be helping drive stock higher

  • 📰 Reuters
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Investors are piling into bullish options bets on the shares of Rivian Automotive , with some market participants saying the buying has helped the electric vehicle (EV) maker's stock notch a record nine-day winning streak.

NEW YORK, July 10 - Investors are piling into bullish options bets on the shares of Rivian Automotive

Much of the options trading has consisted of investors buying "super short-dated calls," said Daniel Kirsch, head of options at Piper Sandler, adding that the options activity had helped drive Rivian's shares higher.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rivian’s Rally Makes No Sense—Unless It Raises CashShares of EV startup Rivian are on pace for a record-breaking rally. And as Heard on the Street’s StephenWilmot explains, it comes on the heels of Tesla’s stock gains. WSJWhatsNow
Source: WSJ - 🏆 98. / 63 Read more »