I opened $CVNA 20240517 109.0 PUT$  ,🏎️ CVNA has been stellar in its price momentum performance! It recently exceeded expectations in Q1 2024, narrowing its loss to 41 cents per share from the previous year's $1.51, alongside a revenue increase to $3.06 billion, up 17.5% year over year. This performance boost was driven by a robust sales uptick across all divisions, with total gross profit escalating 73.3% to $591 million and gross profit per unit jumping 49.5% to $6,432. Looking forward, Carvana projects a positive trajectory with anticipated sequential increases in retail unit sales and adjusted EBITDA for Q2 2024. This forecast is buoyed by a significant 19% rise in retail vehicle sales and a 6.3% increase in wholesale vehicle sales in Q1. The company's strategic focus and operational efficiencies underscore a strong growth potential. Furthermore, if we dig into its recent option flows data, there is a massive positive gamma and negative vanna exposure level at 110, indicating a zone of near-term support from the market-makers' pov. Decent bullish case for considering a cash-secured put position. Here we vrooooom..... 🚀