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 24,302 calls trading, 2x expected, and implied vol increasing almost 4 points to 97.15%. Dec-23 42 calls and Dec-23 41 calls are the most active options, with total volume in those strikes near 7,300 contracts. The Put/Call Ratio is 0.30. Earnings are expected on February 22nd.

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