Carvana Shares Rise 4.29% to $67.16
Mixed options sentiment in Carvana (CVNA), with shares up $2.77, or 4.29%, near $67.16. Options volume roughly in line with average with 49k contracts traded and puts leading calls for a put/call ratio of 2.01, compared to a typical level near 1.17. Implied volatility (IV30) dropped 1.4 near 65.95,and above the 52wk median, suggesting an expected daily move of $2.79. Put-call skew steepened, indicating increased demand for downside protection.
