Looking At Carvana's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Carvana (NYSE:CVNA) shows a bearish sentiment among large investors, with 71% of trades being bearish. The stock is currently down 2.8% at $137.19. Investors are eyeing a price range of $15 to $200, with significant open interest in puts.
September 06, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Carvana's recent options activity indicates a bearish sentiment, with 71% of trades being bearish. The stock is currently down 2.8% at $137.19, and investors are eyeing a price range of $15 to $200.
The majority of options trades are bearish, indicating a negative sentiment among large investors. This, combined with the current stock price decline, suggests a potential short-term downward pressure on CVNA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100