Options Market Statistics: Rivian Stock Hits 6-Day Winning Streak, Options Pop
$Rivian Automotive, Inc.(RIVN)$
On friday, Mizuho's analyst Vijay Rakesh reiterated a Neutral stance on Rivian Automative Inc. but increased the price target from$11-$15. Rakesh acknowledged the strengths in Rivian's electric truck segment.He highlighted that the automaker reported a 9% increase in electronic vehicle (EV) deliveries for the second quarter, reaching approximately 13,800 units. This surge surpasses the actual production volume of new EVs, which stood at around 9600units for the same period.
Rivian's delivery figures not only exceeded the consensus estimate of 11,500 EV's but also indicated a significant reduction in the company's inventory surplus by selling close to 44% more electric trucks than it manufactured within the quarter.
$Lucid Group Inc(LCID)$ ended 25% higher. Its options trading volume was 0.45 million. Call contracts account for 70.7% of the total trading volume. The $4 calls expiring July 12 were traded most actively.
CEO Peter Rawlinson expressed favorable remarks regarding his firm's alliance with Saudi Arabia's Public Investment Fund (PIF), the principle shareholder in the electronic vehicle (EV) sector. The company's stock prices experienced a significant increase earlier in the week, propelled by the release of vehicle delivery figures that surpassed expectations. The ongoing endorsement from the PIF is a positive indicator for the company's future operational prospects.
$Marathon Digital Holdings Inc(MARA)$ ended 9.20% higher. Its options trading volume was 0.44 million . Call contracts account for 76.2% of the total trading volume. The $20 calls expiring July 12 were traded most actively.
The stock gained momentum within the last 48 hours, driven by favorable macroeconomic development and institutional capital inflows into the market. In the past 24 hours , Bitcoin has seen a 1% uptick.
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