Mixed options sentiment in Carvana (CVNA), with shares up $6.99, or 1.48%, near $480.70. Options volume relatively light with 8619 contracts traded and puts leading calls for a put/call ratio of 2.67, compared to a typical level near 1.34. Implied volatility (IV30) dropped 0.09 near 71.94,and above the 52wk median, suggesting an expected daily move of $21.78. Put-call skew steepened, indicating increased demand for downside protection.
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