Option traders moderately bearish in Carvana (CVNA), with shares down $23.11 near $295.85. Options volume more than double the daily average with 118k contracts traded and calls leading puts for a put/call ratio of 0.96, compared to a typical level near 0.93. Implied volatility (IV30) is higher by 6.2 points near 55.11,and below the 52wk median, suggesting an expected daily move of $10.27. Put-call skew steepened, indicating increased demand for downside protection.
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