Carvana Option Alert: Aug 18 $35 Calls Sweep (11) near the Ask: 100 @ $2.91 vs 1645 OI; Earnings 8/3 After Close [est] Ref=$22.341
Portfolio Pulse from Charles Gross
Carvana (CVNA) sees a sweep of 100 Aug 18 $35 calls near the ask price at $2.91, with earnings expected on 8/3 after market close. The stock is currently trading at $22.341.
June 08, 2023 | 5:12 pm
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Carvana experiences a sweep of 100 Aug 18 $35 calls near the ask price at $2.91, with earnings expected on 8/3 after market close.
The sweep of 100 Aug 18 $35 calls near the ask price at $2.91 indicates bullish sentiment among options traders. This, combined with the upcoming earnings announcement on 8/3, could lead to increased volatility and potential short-term gains for Carvana's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100