Carvana Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
The article provides an in-depth analysis of recent options trading activity for Carvana (NYSE:CVNA), revealing a predominantly bearish sentiment among financial giants. It highlights 11 unusual trades, with a mix of calls and puts, and discusses the predicted price range and market sentiment. The current market status of Carvana is also reviewed, including recent analyst ratings and price targets.
May 17, 2024 | 3:01 pm
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NEGATIVE IMPACT
Carvana has seen significant bearish options trading activity, with 45% of traders showing bearish tendencies. The stock is currently trading at $116.89, down by -0.89%. Analysts have mixed ratings with price targets ranging from $70 to $135.
The predominance of bearish sentiment in options trading, combined with mixed analyst ratings and a slight decline in stock price, suggests a likely short-term negative impact on Carvana's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100