Carvana Shares Rise 4.52% to $375.50
Mixed options sentiment in Carvana (CVNA), with shares up $16.23, or 4.52%, near $375.50. Options volume nearly triple the daily average with 180k contracts traded and puts leading calls for a put/call ratio of 2.58, compared to a typical level near 1.49. Implied volatility (IV30) dropped 1.97 near 81.09,in the top quartile of the past year, suggesting an expected daily move of $19.18. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: Carvana (CVNA) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
