Carvana Option Alert: Aug 18 $70 Calls Sweep (6) near the Ask: 500 @ $1.0 vs 1191 OI; Ref=$47.055
Portfolio Pulse from Charles Gross
An option alert has been issued for Carvana (CVNA) for August 18 $70 calls. The sweep is near the ask with 500 @ $1.0 versus an open interest of 1191. The reference price is $47.055.
July 25, 2023 | 1:40 pm
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POSITIVE IMPACT
Carvana's option alert for August 18 $70 calls may indicate bullish sentiment among investors. The sweep near the ask suggests a potential increase in demand for CVNA shares.
Option alerts are often used by investors to gauge market sentiment. In this case, the alert for Carvana's August 18 $70 calls suggests that investors are expecting the price of CVNA shares to increase. The sweep near the ask price indicates that there is a potential increase in demand for CVNA shares, which could drive up the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100