Bearish flow noted in Carvana (CVNA) with 9,736 puts trading, or 1.1x expected. Most active are 3/28 weekly 200 puts and 3/28 weekly 145 puts, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 2.44, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 30th.
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