Mixed options sentiment in Carvana (CVNA), with shares up $8.36, or 1.79%, near $474.10. Options volume roughly in line with average with 50k contracts traded and puts leading calls for a put/call ratio of 1.18, compared to a typical level near 1.08. Implied volatility (IV30) dropped 3.84 near 45.1,in the lowest 10% of observations over the past year, suggesting an expected daily move of $13.47. Put-call skew steepened, indicating increased demand for downside protection.
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