Rivn futures ’ open interest rose by 3% overnight

Rivn futures’ open interest rose by 3% overnight, suggesting new entrants to the trade rather than pure hedging activity. This uptick often precedes larger directional swings, especially in volatile EV names where sentiment pivots quickly on policy news. Check out more of Benzinga’s Future Of Mobility coverage by following this link. Rivian (RIVN) is trading at $13.97 per share, far from its high-flying days when it debuted with much fanfare on the stock market in 2021. Once considered Tesla ’s biggest competitor, Rivian’s market cap has shrunk considerably, down to around $16.95 billion as of September 12. The company has been grappling with production delays, rising costs and an intensely competitive EV landscape, making it hard to scale as quickly as investors had hoped. Options implied volatility for Rivn futures has dipped slightly, suggesting traders are pricing in less aggressive swings short-term. This calmer stance could help stabilize price action ahead of Rivian’s expected production guidance update later this month.