Carvana Option Alert: Jul 21 $20 Calls at the Ask: 250 @ $1.19 vs 4188 OI; Ref=$13.61
Portfolio Pulse from Charles Gross
Carvana (CVNA) sees a significant increase in the volume of July 21 $20 call options, with 250 contracts traded at the ask price of $1.19, compared to an open interest of 4,188 contracts. The reference price is $13.61.
June 01, 2023 | 1:51 pm
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POSITIVE IMPACT
Carvana sees increased volume in July 21 $20 call options, indicating bullish sentiment among investors.
The increased volume in Carvana's July 21 $20 call options indicates that investors are expecting the stock price to rise in the short term. The higher volume of contracts traded at the ask price of $1.19 compared to the open interest of 4,188 contracts suggests that there is a growing bullish sentiment among investors. This could potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100