Rivian call volume above normal and directionally bullish

Bullish option flow detected in Rivian with 79,455 calls trading, 1.7x expected, and implied vol increasing almost 2 points to 81.86%. 3/1 weekly 11 calls and 3/8 weekly 11 calls are the most active options, with total volume in those strikes near 22,600 contracts. The Put/Call Ratio is 0.52. Earnings are expected on May 7th.