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CVNA

Carvana Co.Close $64.91EOD only
Max Pain
$69.00
Next expiry May 22, 2026
Expected Move
±$3.17
4.9% from close
Price Gap
+4.09
Distance to max pain
IV Rank
51
Middle-high premium
P/C OI
0.89
Slightly call-heavy
Consensus
6.0/10
Bullish tilt
Published snapshot: May 20, 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 20, 2026 close
CVNA AI Consensus Report
Analysis based on market close May 15, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 15, 2026. A newer ai consensus report is available for May 20, 2026.

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Conviction
6.5

out of 10

6.5 not 8 because the bearish alignment is strong but earnings tail risk and far-dated bullish flow introduce uncertainty that prevents higher conviction; if near-term levels break lower, conviction would increase.

Where Perspectives Agree

Near-term bearish bias with $60 support and $73-75 resistance — dealer negative gamma amplifies downside, flow shows negative net premium, and theta environments favor defined-risk bearish structures.

Where They Diverge

Earnings historical 80% beat rate and long-dated call flow ($620C) imply bullish long-term potential, directly contradicting the near-term bearish thesis from directional, theta, and flow perspectives.

Top Trade
via directional

Buy 2026-05-29 $69.00/$65.00 bear put spread for $1.20 debit — defined risk, profits from downside move below $69, expires pre-earnings.

Key Risk

Break below $60 triggers dealer hedging and acceleration to $55 — all personas agree this level invalidates the bearish thesis.

How to Use These Reports
This ai consensus reflects the market close on May 15, 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.