Carvana Unusual Options Activity For March 19
Portfolio Pulse from Benzinga Insights
Carvana (NYSE:CVNA) has seen significant options trading activity, with a mix of bullish and bearish sentiments among investors. Analysis of 13 trades shows a nearly even split between bullish (46%) and bearish (53%) expectations. The trades include 7 puts and 6 calls, with a notable price target range from $69.0 to $125.0. The largest trades indicate a diverse sentiment, with both neutral and bearish positions on calls and puts. Carvana, an e-commerce platform for buying and selling used cars, is currently trading at $78.5, down 2.83%, with an RSI suggesting it may be approaching overbought territory. The company's earnings release is anticipated in 44 days.
March 19, 2024 | 2:31 pm
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Carvana has experienced a mix of bullish and bearish options trading activity, with a current stock price of $78.5, indicating a 2.83% decrease. The company is approaching its earnings release in 44 days, which could influence its stock price.
The mixed sentiment in options trading and the upcoming earnings release create uncertainty around Carvana's short-term stock price movement. The current decrease in stock price and the anticipation of the earnings report could lead to increased volatility. However, the balanced mix of bullish and bearish trades suggests a neutral short-term impact, as the market awaits further cues from the company's performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100