Intraday Update: RIVN

By Dan Darrow

October 14, 2022

Intraday Update: RIVN

Multiple tests of the critical 30 level on RIVN have held this week, but selling today is more aggressive. RIVN is losing the big support level in afternoon trading, and the Dec16 $40 - $50 call spread needs to be closed before a major breakdown can develop. We will revisit a trade on this if the stock can reset above 35-36 in the near term.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication

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