Engine10 said:
I've got April $50 puts on RIVN as well. That crawfish back from the price jump on existing orders won't save them.
There's a long play to be made when they actually produce and fill orders at a meaningful rate. That day is not today
I have had a deposit in for over a year, and canceled it when the $16k price increase on my configuration was communicated. I received RJ's email this morning, saying I'll get an offer via email in the next two days to get my spot back in line at the original price. I'm gonna wait and see on this.
In the meantime, I'm glad I didn't jump in on the IPO. They will have quite a few growing pains - there are many current and future alternatives to Rivian products coming.