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Carvana put volume heavy and directionally bearish
The Fly

Carvana put volume heavy and directionally bearish

Bearish flow noted in Carvana with 51,634 puts trading, or 2x expected. Most active are Nov-23 30 puts and Nov-23 31 puts, with total volume in those strikes near 15,400 contracts. The Put/Call Ratio is 1.84, while ATM IV is up over 7 points on the day. Earnings are expected on February 22nd.

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