Bullish option flow detected in Carvana with 9,302 calls trading, 2x expected, and implied vol increasing almost 5 points to 143.66%. 5/5 weekly 8 calls and 5/5 weekly 8.5 calls are the most active options, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 0.33. Earnings are expected on May 4th.
Published first on TheFly
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