Trade of the Week: Carvana

August 08, 2024

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Earnings provide opportunities for outside moves and as volatility expands, I like to call this ‘butterfly season’.  And though I normally put both sides of the trade for bullish and bearish stances, today I will sit on one side of the trade with Carvana 

Today’s post earnings trade comes to us from CARVANA ($CVNA) 

The premise is the following – over the next 45 days, we expect to see the stock move away from its current location – in a general mean reversion trade back into the moving averages below. 

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