Moderately bullish activity in Carvana (CVNA), with shares up $7.75, or 2.22%, near $356.16. Options volume running well above average with 74k contracts traded and calls leading puts for a put/call ratio of 0.25, compared to a typical level near 0.92. Implied volatility (IV30) is higher by 1.6 points near 71.85,and above the 52wk median, suggesting an expected daily move of $16.12. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Carvana (CVNA) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
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