Spotlight on Carvana: Analyzing the Surge in Options Activity - Carvana (NYSE:CVNA)

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

Looking at options history for Carvana (NYSE:CVNA) we detected 15 trades.

If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 33% with bearish.

From the overall spotted trades, 9 are puts, for a total amount of $502,625 and 6, calls, for a total amount of $487,977.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $240.0 for Carvana over the last 3 months.

Insights into 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 $85.0 to $240.0 over the preceding 30 days.

Carvana Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Ask	Bid	Price	Strike Price	Total Trade Price	Open Interest	Volume
CVNA	CALL	TRADE	BULLISH	01/17/25	$112.5	$112.5	$112.5	$85.00	$281.2K	1.2K	25
CVNA	PUT	SWEEP	BEARISH	02/21/25	$11.9	$11.65	$11.9	$180.00	$168.9K	1.1K	166
CVNA	PUT	SWEEP	BEARISH	01/17/25	$0.9	$0.83	$0.9	$180.00	$90.1K	2.2K	2.6K
CVNA	CALL	SWEEP	BEARISH	01/24/25	$7.8	$7.65	$7.65	$197.50	$65.7K	62	109
CVNA	PUT	SWEEP	BULLISH	01/17/25	$3.6	$3.5	$3.5	$192.50	$57.7K	801	364

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.

In light of the recent options history for Carvana, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Carvana

With a trading volume of 477,743, the price of CVNA is up by 0.15%, reaching $194.8.
Current RSI values indicate that the stock is may be oversold.
Next earnings report is scheduled for 37 days from now.

Expert Opinions on Carvana

In the last month, 5 experts released ratings on this stock with an average target price of $300.4.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Carvana, targeting a price of $275. * An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $330. * Showing optimism, an analyst from Citigroup upgrades its rating to Buy with a revised price target of $277. * An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $320. * An analyst from Stephens & Co. has revised its rating downward to Overweight, adjusting the price target to $300.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Carvana options trades with real-time alerts from Benzinga Pro.

CVNACarvana Co

$67.06-0.16%

Overview

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