Rivian Is This One Of Those Buy Now And Ask Questions Later Situations?
It's chart this morning. 13.26 % is a large drop on any stock in this price range. Was yesterday's blip upwards warranted? A three dollar share increase in only a matter of three days is somewhat unusual. Options on stocks in the $15.00 - $20.00 range are in general difficult to play especially on stocks like Rivian which burned many of the "early to the party" traders over the last few years. See it's chart. Are we looking now at a good situation? Might the stock rebound a dollar or two? Might the reasons for this mornings drop be negated or outweighed by the positive news of the last few days? Now lets look at two series of it's calls. Notice a low of $.45. Catching a good buy in point all part of the decision making process .Any kind of a rebound would impact the short term Calls more that next weeks out Call options. Next week's Calls would seem to offer better value however traders more in the camp of being "one-day-options" looking for ...