Mixed options sentiment in Carvana (CVNA), with shares up $10.36, or 2.31%, near $458.28. Options volume relatively light with 31k contracts traded and puts leading calls for a put/call ratio of 1.08, compared to a typical level near 1.2. Implied volatility (IV30) dropped 0.63 near 50.16,in the bottom quartile of the past year, suggesting an expected daily move of $14.48. Put-call skew steepened, indicating increased demand for downside protection.
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