Carvana Option Alert: Jan, 2025 $60 Calls Sweep (3) near the Ask: 105 @ $6.467 vs 5632 OI; Earnings 8/3 After Close [est] Ref=$26.26
Portfolio Pulse from Charles Gross
Carvana (CVNA) sees a sweep of 105 Jan 2025 $60 call options near the ask price, with earnings expected on August 3rd after market close. Current reference price is $26.26.
June 15, 2023 | 4:18 pm
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Carvana experiences a sweep of 105 Jan 2025 $60 call options, indicating bullish sentiment. Earnings expected on August 3rd after market close.
The sweep of 105 Jan 2025 $60 call options indicates that investors are bullish on Carvana's stock, expecting the price to rise above $60 by January 2025. This could lead to increased buying pressure and a short-term positive impact on the stock price. The upcoming earnings release on August 3rd may also influence the stock price, depending on the results.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100