Check Out What Whales Are Doing With CVNA

Whales with a lot of money to spend have taken a noticeably bearish stance on Carvana.

Looking at options history for Carvana CVNA we detected 25 trades.

If we consider the specifics of each trade, it is accurate to state that 28% of the investors opened trades with bullish expectations and 72% with bearish.

From the overall spotted trades, 13 are puts, for a total amount of $1,249,821 and 12, calls, for a total amount of $541,313.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.5 to $80.0 for Carvana over the last 3 months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Carvana's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Carvana's substantial trades, within a strike price spectrum from $37.5 to $80.0 over the preceding 30 days.

Carvana Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About Carvana

Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.

Carvana's Current Market Status

• Trading volume stands at 4,400,771, with CVNA's price up by 0.69%, positioned at $49.74.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 0 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Carvana with Benzinga Pro for real-time alerts.