Carvana Option Alert: Jan 19 $100 Calls at the Ask: 200 @ $6.5 vs 16679 OI; Ref=$51.6
Portfolio Pulse from Charles Gross
An option alert has been issued for Carvana (CVNA) for January 19 $100 calls. The alert indicates 200 calls at the ask price of $6.5, compared to an open interest of 16679. The reference price is $51.6.
July 19, 2023 | 1:58 pm
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NEUTRAL IMPACT
Carvana's option alert for January 19 $100 calls may indicate increased trading activity. The alert shows 200 calls at the ask price of $6.5, compared to an open interest of 16679. The reference price is $51.6.
The option alert indicates that there may be increased trading activity for Carvana's stock. However, it does not necessarily predict the direction of the stock price. The impact on the stock price will depend on the market's reaction to this alert.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100