Carvana call volume above normal and directionally bullish

Bullish option flow detected in Carvana with 29,461 calls trading, 3x expected, and implied vol increasing over 3 points to 100.85%. 12/8 weekly 40 calls and Dec-23 40 calls are the most active options, with total volume in those strikes near 9,100 contracts. The Put/Call Ratio is 0.23. Earnings are expected on February 22nd.