Carvana Option Alert: Jun 16 $11 Calls at the Ask: 488 @ $1.32 vs 114 OI; Ref=$10.83
Portfolio Pulse from Charles Gross
Carvana (CVNA) sees increased activity in Jun 16 $11 calls, with 488 contracts traded at the ask price of $1.32, compared to an open interest of 114. The stock is currently trading at $10.83.
May 25, 2023 | 5:13 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Carvana experiences increased options activity in Jun 16 $11 calls, indicating potential bullish sentiment in the short term.
The increased activity in Carvana's Jun 16 $11 calls indicates that investors are expecting the stock price to rise above $11 by the expiration date. This could be a sign of bullish sentiment in the short term, potentially driving the stock price higher.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100