With the mega gains Rivian Automotive has experienced in pre market by adding almost 50% to its price the news has gripped the EV investor community.
RIVN stock has been victim of trading. A single trader purchase $14 call options and $13 call options both set to expire on June 28.
If pre market gains hold and extend even further until the June 28 deadline the profit will multiple.
If Rivian stock currently trading at $16.95 in pre market maintains its upward momentum the holder of options stands to make substantial profits that measure in million from this investment of $16,000.
RIVN stock rise has caused millions of dollars worth of losses to short sellers with high interest of 18.85% in Rivian shares and average coverage of 4.48 days the most of them liquidated.
The high level of short seller activity combined with stock surge could cause a potential short squeeze of RIVN stock pushing its price hike.
The bad performance of RIVN stock since start of 2024 where if lost 43% of its value during past six months there have been only 7 sales for total of 128,945 RIVN shares have been worth over $1 million.
The market failed to rebound on Thursday despite upside in Asian markets and further upmove in European markets. Technology, auto, oil and FMCG stocks dragged the market down while capital goods & pharma supported. The 30-share BSE Sensex fell 114.06 points to 27573.66 and the 50-share NSE Nifty declined 34.50 points to 8328.55. The broader markets, too, declined in late trade. The BSE Midcap and Smallcap indices were down 0.33 percent each. Though the Greece and China woes continue to weigh, the market started focussing on April-June quarter earnings, believe experts. There is a significant sequential improvement expected in earnings this quarter. According to Our experts if forecast is correct, June quarter will have the best sequential growth in past four years for sales, EBITDA and net profit
Read more for Stock Futures and Option Report here- http://www.pinnaclefinancial.in/blog/stock-options-call-nifty-tomorrows-trading/
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We are excited to see a lot of our hard work is starting to pay off based on our recent contract with our Mid-Atlantic distributor to ship 1 Latitude 35ss and 3 9' custom made Latitude Tenders. Furthermore we have also signed a retail purchase order for the sale of our Demo Latitude 35ss. Combined this means Latitude Industries has orders for 5 boats by the end of the month.
Latitude Industries has seen an increase in inquires in potential boat sales, as the marine industry has seen a recent positive turn. This was stated in our previous press release that Thom Dammrich, president of the National Manufacturer Marine Association (NMMA), reaffirmed an increase in boat sales provides an early indicator that a recovery in new boat sales is coming.
A stock's price movement, up and down until the end of the trading day, is strictly a result of supply and demand. The SUPPLY is the number of shares offered for sale at anyone one moment. The DEMAND is the number of shares investors wish to buy at exactly that same time.
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