$RIVN Options Bull Put Spread: Credit $9, Max Profit $9 on 2026-04-17 π
π Contracts
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Sell to Open: 1x $14.50 Put (2026-04-17) @ $0.24 Bid
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Buy to Open: 1x $14.00 Put (2026-04-17) @ $0.15 Ask
π° Financials
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Credit Received: $0.09/share ($9 per spread)
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Max Profit: $9 (credit received)
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Max Loss: $41 (strike width $0.50 β credit $0.09 = $0.41 Γ 100)
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Breakeven: $14.41 ($14.50 β $0.09)
π Thesis
Neutral to moderately bullish on $RIVN into 2026-04-17 expiration. Elevated IV (76.81%, IV Percentile 66%) makes short premium favorable, with a bullish tilt supported by a Call/Put ratio of 1.71. Selling time decay (positive Theta) while keeping downside risk defined. Happy to pocket the $9 credit if $RIVN stays above $14.50, ready to defend if it doesnβt.
π οΈ Execution Plan
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Profit Target: Close at 50β75% of max profit ($5β$7) within a few days if achieved.
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Risk Management: Exit if spread value β₯ $0.18 (2Γ credit) or $RIVN closes below $14.50.
β οΈ Disclaimer
This is not financial advice. Options trading involves significant risk and may result in loss of capital. Past performance does not guarantee future results. Always do your own research and consult a qualified financial advisor before making investment decisions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

