Carvana Unusual Options Activity For November 23

Carvana Unusual Options Activity For November 23

A whale with a lot of money to spend has taken a noticeably bearish stance on Carvana.

Looking at options history for Carvana (NYSE:CVNA) we detected 49 strange trades.

If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 47 are puts, for a total amount of $37,247,012 and 2, calls, for a total amount of $87,000.

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 $7.5 to $540.0 for Carvana over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open …

Full story available on Benzinga.com