To The Moon

$Carvana Co.(CVNA)$ 🚨🐋⏳ Whale Alert: Bearish Call Hits $CVNA Before Close! 🐋🐳💥

📉🐻 One minute before market close, a bearish opening position worth $860K hit the tape for $CVNA targeting the 8/22 expiry at the $360 strike. This whale bought 1,170 contracts at $7.35 each!

🚗📉💼 CVNA Compression Meets Whale-Sized Bearish Bet 💼📉🚗

Carvana’s 4H chart tells a story of explosive volatility followed by tightening pressure. After a sharp post-catalyst spike above $410, price has retraced and is now compressing between $345 and $370. The current $348.69 print sits right on the lower Keltner channel, with Bollinger mid-line support being tested after the 21 EMA rejection. Momentum has softened, EMAs are rolling over, and the narrowing channel width signals the market is gearing up for its next decisive move.

The standout development is a late-session whale alert. Just one minute before the close, an $860K bearish opening call position hit the tape; 1,170 contracts at $7.35 targeting the $360 strike for 8/22 expiry. This positioning, directly into a zone of overhead resistance, suggests smart money is hedging or speculating against a sustained upside push in the short term.

Adding to the bearish tilt, the General Counsel at Carvana executed an unscheduled $5.4M share sale. This pushes insider sales for August to a staggering $260M, amplifying concerns over executive confidence in the near-term price trajectory. Such concentrated insider selling, particularly outside scheduled plans, can be read as a cautionary signal by institutional traders.

Fundamentally, Carvana’s turnaround story is real. Operational efficiencies, restructuring wins, and tailwinds from used car price recovery have been positives. Yet macro risk remains: higher rates, consumer credit deterioration, and competitive pressures in the auto retail market continue to challenge margin stability.

From here, $345 is the critical short-term floor. A decisive breakdown could see $CVNA gravitate toward $330, where deeper liquidity sits. If bulls can reclaim $365 on rising volume, the upside path opens toward $380–$390, potentially neutralising the whale’s bet. With volatility compression, directional options flow, and insider selling all in the mix, this setup is primed for an outsized move.

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