Mixed options sentiment in Carvana (CVNA), with shares up $4.00, or 1.14%, near $354.74. Options volume relatively light with 35k contracts traded and calls leading puts for a put/call ratio of 0.95, compared to a typical level near 0.88. Implied volatility (IV30) dropped 2.3 near 46.22,in the bottom quartile of the past year, suggesting an expected daily move of $10.33. Put-call skew steepened, indicating increased demand for downside protection.
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