Unusual Call Option Trade in Carvana Co. - (CVNA) Worth $348.00K

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2023-06-08 22:01:35  • 3 mins

On June 8, 2023 at 12:10:39 ET an unusually large $348.00K block of Call contracts in Carvana Co. - (CVNA) was bought, with a strike price of $30.00 / share, expiring in 8 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.65 sigmas above the mean, placing it in the 94.99th percentile of all recent large trades made in CVNA options.

This trade was first picked up on Fintel's real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 418 funds or institutions reporting positions in Carvana Co. -. This is a decrease of 97 owner(s) or 18.83% in the last quarter. Average portfolio weight of all funds dedicated to CVNA is 0.33%, an increase of 85.27%. Total shares owned by institutions decreased in the last three months by 11.62% to 120,927K shares. The put/call ratio of CVNA is 0.84, indicating a bullish outlook.

Analyst Price Forecast Suggests 32.86% Downside

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