Financial giants have made a conspicuous bearish move on Carvana. Our analysis of options history for Carvana (NYSE:CVNA) revealed 61 unusual trades.

Delving into the details, we found 39% of traders were bullish, while 47% showed bearish tendencies. Out of all the trades we spotted, 35 were puts, with a value of $2,362,896, and 26 were calls, valued at $1,433,422.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $270.0 for Carvana over the recent three months.

Volume & Open Interest Trends

Examining the volume and open interest provides crucial insights into...