$CVNA: The Short of the Decade? Here’s Why I’m Holding 150 Puts
Posted: Jan 04, 2025
- Holding 150 puts on Carvana ($CVNA) for next week
- Hindenburg Report highlights issues with Carvana's accounting practices and debt structure
- JP Morgan defending $CVNA is a red flag due to their significant exposure to Carvana's debt financing
- Sell-side analysts may not be trustworthy as their incentives are to support companies their firms finance
- Macro and consumer headwinds include rising interest rates, tighter credit, and softening demand in used cars
- Questioning if Carvana will rally or plummet next week
- CVNA looks like a great short opportunity for the near term according to the post.
What do people on Reddit think?
🚨 Reddit sentiment: negative - Most comments indicate skepticism and negative sentiment regarding CVNA's performance, business practices, and long-term potential Summarized comments: - Users express regret for not purchasing puts earlier - Some users have profited from recent trades in CVNA puts - Comments mention the stock's high P/E ratio and potential for further decline - Long-dated puts are being held due to anticipated economic downturn and business issues - CVNA's drastic stock price movement and reputation are highlighted - Concerns of stock manipulation and fraud within the company - High costs of puts and skepticism towards analysts' positive ratings on CVNA - Acknowledgment of CVNA as a meme stock with volatility and risk factors - Users are cautious and planning future trades based on recent experiences and market evaluation Stock tickers discussed: $CVNA
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