Bullish option flow detected in Carvana with 27,887 calls trading, 3x expected, and implied vol increasing almost 28 points to 195.61%. 1/27 weekly 7 calls and 1/27 weekly 8 calls are the most active options, with total volume in those strikes near 8,200 contracts. The Put/Call Ratio is 0.25. Earnings are expected on February 23rd.
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Published first on TheFly
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