Carvana Option Alert: Jul 21 $35 Calls Sweep (6) near the Ask: 200 @ $3.0 vs 1942 OI; Earnings 8/3 After Close Ref=$32.81
Portfolio Pulse from Charles Gross
An option alert has been issued for Carvana (CVNA) for July 21 $35 calls. The alert indicates a sweep near the ask price with 200 contracts at $3.0 versus an open interest of 1942. Carvana's earnings report is expected on August 3 after market close. The reference price is $32.81.
July 10, 2023 | 3:08 pm
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POSITIVE IMPACT
Increased options activity for Carvana suggests that investors are expecting significant price movement. The earnings report on August 3 could be a potential catalyst.
The increased options activity, specifically the call options, suggests that investors are expecting the price of Carvana's stock to increase. The upcoming earnings report could be a potential catalyst for this price movement. However, options trading is inherently risky and the actual stock price movement may not align with the expectations reflected in the options market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100