Carvana Option Alert: Aug 18 $20 Calls at the Ask: 499 @ $2.45 vs 2957 OI; Earnings 8/3 After Close [est] Ref=$15.76
Portfolio Pulse from Charles Gross
Carvana (CVNA) sees increased activity in Aug 18 $20 calls, with 499 contracts traded at $2.45, compared to 2957 open interest. Earnings are expected on August 3 after market close.
June 07, 2023 | 6:07 pm
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Carvana experiences increased activity in Aug 18 $20 call options, indicating potential bullish sentiment ahead of earnings release on August 3.
The increased activity in Carvana's Aug 18 $20 call options suggests that investors may be expecting a positive earnings report on August 3, which could lead to a short-term increase in the stock price. The higher trading volume compared to the open interest indicates a growing interest in these options.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100