If you haven`t sold RIVN Rivian after the bad news:
Then looking at the RIVN Rivian Automotive options chain ahead of earnings, i would buy the $30 strike price Puts with 2023-6-16 expiration date for about $6.60 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
交易結束:目標達成
Price target reached. the stock hit $27.36 today and the puts are trading at $7.80.