Bearish flow noted in Carvana with 11,753 puts trading, or 1.2x expected. Most active are 9/13 weekly 150 calls and Sep-24 120 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.72, while ATM IV is up over 2 points on the day. Earnings are expected on October 31st.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVNA:
- Carvana reports second auction, reconditioning ‘Megasite’ integration in Houston
- Carvana announces development of ‘Megasite’ in Kansas City.
- Carvana (NYSE:CVNA) Continues to Defy the Odds, but Caution Is Warranted
- Short Report: Bearish bets into Savers Value Village earnings rewarded
- Unusually active option classes on open August 9th