Mixed options sentiment in Carvana (CVNA), with shares up $7.14, or 2.43%, near $301.12. Options volume relatively light with 32k contracts traded and puts leading calls for a put/call ratio of 1.09, compared to a typical level near 0.99. Implied volatility (IV30) dropped 2.3 near 52.25,in the bottom quartile of the past year, suggesting an expected daily move of $9.91. Put-call skew flattened, suggesting a modestly bullish tone.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVNA:
- Carvana director Sullivan sells 5,000 class A shares
- Option traders moderately bearish in Carvana with shares down 7.24%
- ‘Carvana’s Rally Is Due for a Pause,’ Says Five-Star Analyst
- Carvana Co: Strategic Positioning and Growth Potential Justify Buy Rating
- Carvana shares ‘due for a pause,’ says JPMorgan
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue