Mixed options sentiment in Carvana (CVNA), with shares down $1.53 near $370.67. Options volume relatively light with 12k contracts traded and calls leading puts for a put/call ratio of 0.38, compared to a typical level near 0.79. Implied volatility (IV30) dropped 0.25 near 47.99,in the bottom quartile of the past year, suggesting an expected daily move of $11.21. Put-call skew flattened, suggesting a modestly bullish tone.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVNA:
- TSLA, CVNA, and LAD: The EV Stocks Ruling the Auto Sector
- Citizens JMP says Amazon Autos not threat to Carvana, CarGurus
- Interactive Brokers Stock Jumps on S&P 500 Inclusion, Walgreens Dropped
- Mixed options sentiment in Carvana with shares up 4.5%
- BofA sees limited impact on Hertz partnership with Carvana from Amazon news