Past performance does not predict future results. Informational only, not investment advice.
Rivian near 52-week lows presents a buying opportunity; author doubled down on existing position, betting on recovery/reversal from depressed levels.
Author took a bullish position on RIVN through short-dated call options, betting on upside movement to the $15 strike. The early exit suggests a profitable trade before further gains or potential reversal.
Rivian's R2 launch will flip vehicle economics positive with ~$36K in combined BOM and non-BOM savings, enabling $8.7K gross profit per unit at ~$66.3K ASP. Once R2 scales and gross automotive becomes profitable, the company can monetize higher-margin software, autonomy, and partnership opportunities (Uber robotaxi, VW deal) that justify significantly higher valuation.
End of results.