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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
64
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 AI Consensus Report
Analysis based on market close May 13, 2026
DirectionalTheta GangFlowEarningsConsensus

Consensus-supported lens with chain history and key metrics in the rail.

Conviction
6.0

out of 10

6 not 7 because Theta's long call thesis undermines the bearish alignment; if Theta were also bearish, conviction would be 7.5.

Where Perspectives Agree

Bearish bias across flow, gamma, and earnings — spot below $66.72 MP, dealer short gamma amplifies downside, and heavy put flow at $70 supports a break lower.

Where They Diverge

Theta recommends a call diagonal (long call), directly contradicting the bearish consensus; earnings suggests a range-bound IV neutral strategy, not purely bearish.

Top Trade
via directional

Buy June 12 $66/$62 bear put spread for net debit $1.20 — profits below $65, max loss $1.20.

Key Risk

Break below $60 flips dealer gamma long and triggers stop-loss cascade — downside accelerates to $55, invalidating both bearish and neutral setups.

How to Use These Reports
This ai consensus reflects the market close on May 13, 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.