A Closer Look at Carvana's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
The options market for Carvana (NYSE:CVNA) shows a predominantly bearish sentiment among large investors, with 65% of trades being bearish. The price targets for these options range from $80 to $170. Despite the bearish sentiment, professional analysts maintain a positive outlook with an average target price of $150.
June 14, 2024 | 3:16 pm
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The options market for Carvana shows a predominantly bearish sentiment with 65% of trades being bearish. However, analysts maintain a positive outlook with an average target price of $150.
The bearish sentiment in the options market suggests that large investors are expecting a decline in Carvana's stock price. However, professional analysts have a more optimistic view, maintaining a target price of $150. This mixed sentiment could lead to short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100