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Financial giants have made a conspicuous bullish move on Carvana. Our analysis of options history for Carvana (NYSE:CVNA) revealed 13 unusual trades.
Delving into the details, we found 69% of traders were bullish, while 23% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $142,985, and 9 were calls, valued at $1,296,004.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $65.0 to $95.0 for Carvana during the past quarter.
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 $65.0 to $95.0 in the last 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
CVNA | CALL | TRADE | BEARISH | 05/10/24 | $16.5 | $14.45 | $15.0 | $65.00 | $750.0K | 5.0K | 500 |
CVNA | CALL | SWEEP | NEUTRAL | 01/17/25 | $17.7 | $17.7 | $17.7 | $90.00 | $146.9K | 1.8K | 83 |
CVNA | CALL | SWEEP | BULLISH | 08/16/24 | $14.35 | $14.15 | $14.35 | $80.00 | $113.3K | 1.2K | 229 |
CVNA | CALL | SWEEP | BULLISH | 04/26/24 | $7.7 | $7.15 | $7.6 | $70.00 | $81.8K | 4.4K | 4 |
CVNA | CALL | TRADE | BULLISH | 05/10/24 | $7.45 | $7.35 | $7.45 | $76.00 | $61.0K | 80 | 90 |
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.
In light of the recent options history for Carvana, it's now appropriate to focus on the company itself. We aim to explore its current performance.
In the last month, 5 experts released ratings on this stock with an average target price of $75.0.
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.
Posted In: CVNA