Bullish option flow detected in Carvana with 63,156 calls trading, 3x expected, and implied vol increasing almost 4 points to 166.10%. 12/2 weekly 9 calls and 1/6 weekly 7 puts are the most active options, with total volume in those strikes near 24,200 contracts. The Put/Call Ratio is 0.30. Earnings are expected on February 23rd.
Published first on TheFly
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