Carvana Option Alert: Jul 28 $54 Calls Sweep (8) near the Ask: 127 @ $2.04 vs 375 OI; Ref=$46.725
Portfolio Pulse from Charles Gross
Carvana (CVNA) has seen a sweep of 127 calls at $2.04 for July 28 with a strike price of $54, compared to an open interest of 375. The reference price is $46.725.
July 20, 2023 | 7:59 pm
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POSITIVE IMPACT
Carvana has seen a significant options activity, which could indicate investor anticipation of a price increase.
The sweep of calls at a strike price higher than the current reference price suggests that investors are anticipating a price increase for Carvana's stock. This could potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100