$Rivian Automotive, Inc.(RIVN)$ Draw a trend line from the high on 09/15/22 ($40.86) to the high on 11/01/22 ($36.45) on the daily chart and it will show you that we are approaching what I believe could be the top of this current rally.
My trade idea is to purchase both Dec 9th $34 puts ($2.30 each) and $34 ($3.15 each) calls. This will start to make money to the downside at around $31 and to the upside around $38 and give me the option of selling either the puts or calls once a direction has been established. Let's see how this plays out.
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