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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 19, 2026
DirectionalTheta GangFlowEarningsConsensus

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

You are viewing an older report from May 19, 2026. A newer ai consensus report is available for May 20, 2026.

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Conviction
6.5

out of 10

6.5 because signal alignment across all personas is strong, but lowered from 7 due to spot being at $0 (likely data error) and earnings 71 days out reducing immediate catalyst—conviction would rise if spot approaches $60 gamma flip.

Where Perspectives Agree

All personas agree on bearish bias: directional sees downside below max pain with dealer short gamma, flow confirms heavy put accumulation and negative net premium, earnings notes elevated put skew, and theta advises against premium selling due to high IV and negative gamma.

Where They Diverge

No major conflicts; all perspectives reinforce the bearish thesis with minor differences in execution (e.g., directional favors put spreads vs earnings' skew capture), but these are compatible.

Top Trade
via directional

Bear Put Spread: Buy 2026-06-12 $63/$59 put spread

Key Risk

Break above $66 invalidates the bearish flow thesis and could trigger dealer gamma flip, leading to a short squeeze back toward $69 max pain.

How to Use These Reports
This ai consensus reflects the market close on May 19, 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.