If you haven`t sold RIVN when they started to recall vehicles due to loose fasteners:
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 10usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $3.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
RIVN traded at $14.85 on Friday, and the calls increased from $3.05 (when I wrote this article) to $5.85 at the close (higher intraday), resulting in about a 90% gain!
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