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Carvana call volume above normal and directionally bullish

Bullish option flow detected in Carvana with 72,317 calls trading, 4x expected, and implied vol increasing over 22 points to 211.44%. 1/13 weekly 6 calls and 1/27 weekly 7 calls are the most active options, with total volume in those strikes near 16,900 contracts. The Put/Call Ratio is 0.23. Earnings are expected on February 23rd.

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Published first on TheFly

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