RIVN News & Events

China's commerce ministry warned of another global semiconductor supply chain crisis due to conflicts between Nexperia and its Chinese subsidiary, Eduardo Baptista of Reuters reports. Last October, production in the global auto industry was disrupted after Beijing imposed export controls on Chinese-made Nexperia chips. While the chip shortage eased after negotiations, the conflict between Nexperia's headquarters and its China-based unit has only intensified. Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Lucid Group (LCID), Mercedes-Benz (MBGYY), Nissan (NSANY), Rivian (RIVN), Stellantis (STLA), Tesla (TSLA), Toyota (TM), BMW (BMWYY), Audi (AUDVF), and Renault (RNSDF).

Moderately bullish activity in Rivian (RIVN), with shares up 35c, or 2.3%, near $15.54. Options volume running well above average with 172k contracts traded and calls leading puts for a put/call ratio of 0.91, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 3.4 points near 66.01,and above the 52wk median, suggesting an expected daily move of $0.65. Put-call skew steepened, indicating increased demand for downside protection.