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CVNA

Carvana Co.Close $69.90EOD only

Max Pain

$80.50

Next expiry May 15, 2026

Expected Move

±$3.18

4.6% from close

Price Gap

+10.60

Distance to max pain

IV Rank

High premium

P/C OI

0.97

Balanced positioning

Consensus

6.0/10

Bearish tilt

Published snapshot: May 13, 2026 close

End-of-day snapshot

This page reflects CVNA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 13, 2026 close

CVNA Flow Report

Analysis based on market close May 14, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

7 / 10

base 5; +2 GEX/flow strongly aligned; -1 spot 13.1% from MP; +1 VIX 17

Watch next session: CVNA 2026-05-22 $70.00 Call; CVNA 2026-05-22 $73.00 Call

Flow Summary

Net premium: -$2.5M bearish

P/C volume ratio: 0.81

P/C OI ratio: 0.96

Despite negative net premium and mixed flow, aggressive near-dated call buying and positive DEX tilt bullish. Short gamma amplifies upside if spot holds above $60. Key levels: gamma flip $60 and MP near $70.

Notable Prints

CVNA 2026-05-22 $70.00 Call

Vol: 1,099

OI: 314

Vol/OI: 3.5x

IV: 61.0%

Notional: ~$251K

Intent: Bullish

Read-through: >70 by 5/22

CVNA 2026-05-22 $73.00 Call

Vol: 806

OI: 275

Vol/OI: 2.9x

IV: 60.2%

Notional: ~$125K

Intent: Bullish

Read-through: >73

CVNA 2026-09-18 $620.00 Call

Vol: 485

OI: 191

Vol/OI: 2.5x

IV: 50.0%

Notional: ~$420K

Intent: Long-term bullish

Read-through: Huge upside by 9/18

CVNA 2026-05-15 $435.00 Call

Vol: 240

OI: 129

Vol/OI: 1.9x

IV: 50.0%

Notional: ~$67K

Intent: Speculative

Read-through: Massive spike by 5/15

CVNA 2026-06-12 $71.00 Put

Vol: 215

OI: 118

Vol/OI: 1.8x

IV: 61.1%

Notional: ~$122K

Intent: Bearish

Read-through: <71 by 6/12

Institutional Positioning

Call additions: Heavy call volume at 70,73 strikes; 620C,435C likely noise/typo

Put additions: Minor put volume at 71 strike

GEX/DEX consistency: GEX negative, DEX positive - mixed regime consistent

OI clusters: 70-73 area large OI; 620C OI cluster likely anomalous

Hedging evidence: No clear hedging evident

Max pain context: Spot 13.1% below MP, upward pinning possible

Signal vs Noise

~High vol/OI ratios at 70C,73C - real bullish flow; 620C,435C likely noise/typo

~Net premium negative despite call buying - noise from large put OI

~Put/call vol ratio 0.81 vs OI ratio 0.96 suggests intraday call activity

Key Conclusions

📈Large call accumulation at 70 and 73 strikes suggests bullish positioning

⚖️GEX negative and DEX positive indicate mixed dealer stance

🔔Spot below MP with high IV may lead to pinning action

How to Use These Reports

This flow reflects the market close on May 14, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.