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Carvana call volume above normal and directionally bullish
The Fly

Carvana call volume above normal and directionally bullish

Bullish option flow detected in Carvana with 29,461 calls trading, 3x expected, and implied vol increasing over 3 points to 100.85%. 12/8 weekly 40 calls and Dec-23 40 calls are the most active options, with total volume in those strikes near 9,100 contracts. The Put/Call Ratio is 0.23. Earnings are expected on February 22nd.

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