thetaOwl
HomeOptionsCVNAReports

CVNA

Carvana Co.Close $68.90EOD only
Max Pain
$74.00
Next expiry Jun 18, 2026
Expected Move
±$4.08
5.9% from close
Price Gap
+5.10
Distance to max pain
IV Rank
70
High premium
P/C OI
0.86
Slightly call-heavy
Consensus
5.0/10
Bearish tilt
Published snapshot: Jun 15, 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
Jun 15, 2026 close
CVNA AI Consensus Report
Analysis based on market close June 16, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.5

out of 10

6.5 not 7.5 because the mixed flow and near-term earnings event create binary risk that current positioning cannot hedge; if the pin holds through earnings, conviction jumps to 8.

Where Perspectives Agree

Bullish pinning to $74 max pain with dealer long gamma and positive GEX, but downside risks from market weakness and elevated put activity.

Where They Diverge

Heavy put volume (P/C vol 1.42) and put OI concentration at $68-$71 suggest hedging/bearish protection, conflicting with the bullish pin thesis. Also, earnings event in 2 days (implied moves 4.9-11.4%) introduces binary risk that could invalidate the pin before expiry.

Top Trade
via theta

Sell Jul 17 $68/$66 put credit spread for $0.50 credit — defined risk, profits from pin and theta decay.

Key Risk

Break below $70 support flips dealer gamma long to short and triggers stop-loss cascade — downside accelerates to $60 gamma flip level.

How to Use These Reports
This ai consensus reflects the market close on June 16, 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.