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.
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