Bullish option flow detected in Carvana with 74,964 calls trading, 6x expected, and implied vol increasing almost 68 points to 264.15%. 2/3 weekly 10 calls and 2/3 weekly 9.5 calls are the most active options, with total volume in those strikes near 22,200 contracts. The Put/Call Ratio is 0.22. Earnings are expected on February 23rd.
Published first on TheFly
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