Carvana Option Alert: Aug 18 $22.5 Calls Sweep (9) near the Ask: 250 @ $1.36 vs 307 OI; Ref=$13.23
Portfolio Pulse from Charles Gross
Carvana (CVNA) sees a sweep of 250 Aug 18 $22.5 calls near the ask price at $1.36, compared to an open interest of 307. The stock is currently trading at $13.23.
May 30, 2023 | 3:56 pm
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Carvana experiences a sweep of 250 Aug 18 $22.5 calls near the ask price at $1.36, compared to an open interest of 307. The stock is currently trading at $13.23.
The sweep of 250 Aug 18 $22.5 calls near the ask price at $1.36 indicates increased bullish sentiment among investors. This could lead to a short-term increase in Carvana's stock price, as the market reacts to the increased demand for call options. The stock is currently trading at $13.23, and the increased demand for call options could push the price higher in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100