Bearish flow noted in Carvana (CVNA) with 5,383 puts trading, or 1.0x expected. Most active are Nov-25 170 puts and 10/24 weekly 325 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.86, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 29th.
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