Carvana Option Alert: Aug 18 $25 Calls Sweep (6) above Ask!: 250 @ $1.12 vs 1327 OI; Ref=$13.1951
Portfolio Pulse from Charles Gross
Carvana (CVNA) sees a sweep of 250 Aug 18 $25 call options trading above ask at $1.12, compared to an open interest of 1327. The stock is currently trading at $13.1951.
May 30, 2023 | 5:25 pm
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Carvana experiences a sweep of 250 Aug 18 $25 call options trading above ask at $1.12, with the stock currently trading at $13.1951.
The sweep of 250 Aug 18 $25 call options trading above ask at $1.12 indicates increased bullish sentiment for Carvana. This could lead to a short-term increase in the stock price as more investors buy call options, expecting the stock price to rise. The stock is currently trading at $13.1951, and the increased demand for call options could push the price higher in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100