tiprankstipranks
Carvana put volume heavy and directionally bearish
The Fly

Carvana put volume heavy and directionally bearish

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 our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App