Carvana call volume above normal and directionally bullish

Bullish option flow detected in Carvana with 97,728 calls trading, 1.5x expected, and implied vol increasing almost 2 points to 221.43%. 2/3 weekly 16 calls and 2/3 weekly 12 calls are the most active options, with total volume in those strikes near 20,100 contracts. The Put/Call Ratio is 0.51. Earnings are expected on February 23rd.