Carvana Option Alert: Aug 18 $30 Calls at the Ask: 250 @ $2.17 vs 5903 OI; Earnings 8/3 After Close [est] Ref=$22.105
Portfolio Pulse from Charles Gross
Carvana (CVNA) sees an option alert for August 18th $30 calls at the ask price of $2.17 with 250 contracts, compared to an open interest of 5,903. Earnings are expected on August 3rd after the market closes.
June 27, 2023 | 2:29 pm
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POSITIVE IMPACT
Carvana experiences increased options activity with August 18th $30 calls at the ask price of $2.17 for 250 contracts. Earnings are expected on August 3rd after the market closes.
The increased options activity in Carvana's August 18th $30 calls indicates that investors are expecting a potential increase in the stock price. This could be due to the upcoming earnings announcement on August 3rd, which may have a positive impact on the stock price if the company reports better-than-expected results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100