Mixed options sentiment in Carvana (CVNA), with shares up $4.38, or 1.0%, near $441.74. Options volume relatively light with 35k contracts traded and puts leading calls for a put/call ratio of 1.63, compared to a typical level near 0.96. Implied volatility (IV30) dropped 0.09 near 45.99,in the lowest 10% of observations over the past year, suggesting an expected daily move of $12.80. Put-call skew steepened, indicating increased demand for downside protection.
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