Spotlight on Carvana: Analyzing the Surge in Options Activity

AI BRIEFING

• ⬤ Investors are taking a bearish approach towards Carvana, with 60% leaning against the stock. A total of 20 extraordinary options activities were observed, with 5 puts and 15 calls, totaling $2.5M and $3.8M respectively. Whales have been targeting a price range of $300-$480 for Carvana over the last 3 months.