Navigating the Open Interest of Options on 7/7: Analyst Upgrade Fuels More Optimism for RIVN

$Rivian Automotive(RIVN.US)$, the electric vehicle maker, saw its shares soar 14% today, marking its eighth consecutive day of gains. The rally was fueled by a bullish report from Wedbush, which raised its price target for the stock by 20%. Investors also showed more confidence in Rivian’s prospects, as evidenced by the rising open interest for its call options with a strike price of $40.00 and an expiration date of 9/15/23. This was one of the most notable increases in open interest today.

$Verizon(VZ.US)$, the telecommunications giant, faced a decline in investor interest today, as shown by the drop in open interest for its call options. Today's most significant decrease was observed for the call option with a $36.00 strike price and a 7/21/23 expiration date. This suggests investors are less optimistic about Verizon's future performance and growth potential.

$Camden Property Trust(CPT.US)$ witnessed a sharp rise in its open interest put-call ratio today, which jumped by 108.3% to 2.57. This was the largest increase among S&P 500 stocks.

Among the S&P 500 companies, $BorgWarner(BWA.US)$ had the biggest decline in its OI PCR by 85.3% to 0.0.15 today. This shows that the mood around the stock has improved from yesterday.