Just want to get to the carvana earnings s*** showSubmitted by rocket_man19 t3_117eici in wallstreetbets
rocket_man19 OP t1_j9b95a5 wrote
Reply to comment by token-eater in Just want to get to the carvana earnings s*** show by rocket_man19
That’s my play
iWriteYourMusic t1_j9bbsjy wrote
28.2% options implied move lol good luck with that
BedContent9320 t1_j9bi0wg wrote
Too many regards on options, shit is wild
[deleted] t1_j9bluit wrote
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DeftShark t1_j9bud8m wrote
Tbh, it’ll probably shoot to around $23/$24.
PinThatInTeParkinLot t1_j9byyr8 wrote
Too much IV
[deleted] t1_j9cn96q wrote
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cptspinach85 t1_j9d36xl wrote
They missed the #vanlife craze
Thencewasit t1_j9d3r9x wrote
You will be missing the #vanlife craze when you’re living in a van down by the river.
lebronkahn t1_j9cs8nl wrote
If it gets ITM, does IV matter?
PinThatInTeParkinLot t1_j9ct9nb wrote
Yes
RobertsonvsPhillips t1_j9ccttt wrote
After the move, after IV crush, opposite direction it'll go.
Rballor t1_j9ci6di wrote
It will squeeze! No bankrupt company continues to advertise on tv/social media, and I see these delivery trucks once a month by me
Mandiblelorian t1_j9g0onl wrote
You sonofabitch, i'm in! Just got bought 10 CVNA 02/24/2023 12.50 C!
Far_Introduction527 t1_j9bvmhz wrote
Just curious, how would you profit off it NOT moving as much as that? since they seem to really be pricing in a big move. Even if it's shit, I doubt it'll move THAT much. Hell, it went up 4% today, so that is an extra 4% it has to un do as well lol.
iWriteYourMusic t1_j9bvvy3 wrote
You wouldn’t. I think there are some good options calculators out there that can help you simulate IV crush. I don’t remember what the are. Personally if I feel like gambling earnings I do shares so I can get out during the big AH move. I want to go short CVNA and a BYND eod on Wednesday but I’m not sure I have the stones.
Far_Introduction527 t1_j9bzilo wrote
Just wondering.if you can take advantage of a crush. (guessing only writing them then)
MustWarn0thers t1_j9ce260 wrote
I think taking advantage of crush would be selling the options themselves, whether it be cash secured puts or share secured calls. Increased premiums.
iWriteYourMusic t1_j9csv8g wrote
I would say you could buy the puts/calls a couple months before earnings and then sell the day before earnings report.
Far_Introduction527 t1_j9d92w5 wrote
One thing I have always wondered is how soon do they price the options for an earnings?
Like how early do you need to do something like that? I love earnings plays, but when I KNOW it's gonna move SOME direction
AnimeCiety t1_j9du28h wrote
Then you’re also dealing with time decay. You may not break even despite higher trending IV if time to expiry offsets.
Werdna168 t1_j9dzvdv wrote
Straddle or strangle or the ever more secure iron condor.
The_Punicorn t1_j9gzvm0 wrote
If your bet is it won't move that much, selling CSPs would let you take advantage of the premium. But your fucked if it does move.
Far_Introduction527 t1_j9h0bz4 wrote
Yeah writing options is like shorting. Limited upside unlimited downside. I don't write em.
The_Punicorn t1_j9h0uh1 wrote
Only selling Naked Calls have unlimited potential loss, and selling those is pure fucking greed. Your losses should be capped on any of the other writes.
Far_Introduction527 t1_j9h1gqx wrote
True. But still limited upside lol.
This is WSB. Not for pussies hahahah. Jk
bigchikka1978 t1_j9btb1z wrote
So calls it is
frsbrzgti t1_j9ddf0h wrote
Just passed by a Carvana building in Maryland and it had no cars in it.
bailey25u t1_j9cha18 wrote
I applied there to be an IT manager, and they turned me down. So I agree with your position... Im in
PickleMysterious2361 t1_j9d1bfy wrote
I have like a 3 month out $2 put hopefully everyone realizes the stock is ass
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