Rivian (RIVN) Crashes After Announcing $1.3B Green Note Offering

Rivian (RIVN) will offer $1.3B in bonds to shore up capital. Alex Coffey and Jenny Horne discuss RIVN as the stock is trading lower on green notes offering. They talk about how the green note offering matures March 15, 2029. They note that RIVN says profits from green notes will finance green projects. They also go over how RIVN is down over 17% year-to-date. Alex then demonstrates an example trade using RIVN. The trade type is buy call vertical and the direction is bullish. Tune in to find out more about the stock market today.