Short CVNA puts
Carvana CVNA On the Downswing (puts)
Carvana faces bearish technicals with a death cross pattern, insider share dumping, 30% dilution over two years, and vulnerability to consumer pressure from inflation and rising gas prices, particularly due to reliance on subprime auto loans. The stock is unwinding after a 5-1 split and earnings, suggesting all positive catalysts are priced in. The author holds profitable put positions.
1d—
3d-1.7%
1w+1.7%
1m—
3m—
6m—
1y—