Carvana Option Alert: Jul 28 $40 Calls Sweep (23) near the Ask: 800 @ $3.999 vs 2073 OI; Earnings 8/3 After Close Ref=$38.15
Portfolio Pulse from Charles Gross
An option alert has been issued for Carvana (CVNA) for July 28 $40 calls. There has been a sweep of 800 at $3.999 against an open interest of 2073. Carvana's earnings will be announced after close on August 3. The reference price is $38.15.
July 14, 2023 | 2:59 pm
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NEUTRAL IMPACT
Carvana has an option alert for July 28 $40 calls with a sweep of 800 at $3.999 against an open interest of 2073. Earnings will be announced on August 3.
The option alert indicates that there is significant interest in Carvana's stock, particularly in the $40 calls for July 28. This could potentially influence the stock's price, but the direction is uncertain until the earnings are announced on August 3. The reference price of $38.15 is close to the call price, indicating a potential for volatility.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100