Whales with a lot of money to spend have taken a noticeably bullish stance on Carvana.
Looking at options history for Carvana CVNA we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 64% of the investors opened trades with bullish expectations and 35% with bearish.
From the overall spotted trades, 11 are puts, for a total amount of $514,497 and 6, calls, for a total amount of $234,209.
Latest Startup Investment Opportunities:
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $105.0 for Carvana, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Carvana's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Carvana's whale trades within a strike price range from $30.0 to $105.0 in the last 30 days.
Carvana Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CVNA | PUT | TRADE | BEARISH | 03/15/24 | $86.00 | $99.0K | 223 | 101 |
| CVNA | PUT | TRADE | BEARISH | 03/15/24 | $80.00 | $78.0K | 2.1K | 223 |
| CVNA | CALL | TRADE | BULLISH | 05/17/24 | $90.00 | $65.9K | 6.7K | 97 |
| CVNA | CALL | SWEEP | BULLISH | 04/19/24 | $100.00 | $51.4K | 7.2K | 260 |
| CVNA | PUT | SWEEP | BULLISH | 04/19/24 | $85.00 | $49.2K | 959 | 130 |
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.
Having examined the options trading patterns of Carvana, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Carvana
- With a trading volume of 2,379,187, the price of CVNA is down by -1.22%, reaching $78.7.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 49 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Carvana, Benzinga Pro gives you real-time options trades alerts.
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