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Carvana’s Crazy 2024: Golden Opportunity or Lemon Trade After Tripling YTD

by | Oct 2, 2024

Don’t miss Crush the Close at 3 p.m. ET — let’s do some live trading!

I just filmed a new video breaking down everything going on with Carvana (CVNA), and it’s been a wild ride for CVNA this year… 

The stock has more than TRIPLED in 2024 alone, from just under $52 a share to more than $176 as of today…

But is it about to hit a wall? Here’s what I’ll cover in today’s video breakdown:

🔥 Insider Selling: The founder’s been unloading shares fast. What does that mean for you?

💰 EV Buzz: Wall Street loves Carvana’s push into used EV sales, but is it all hype?

⚠️ Options Market: The stock’s implied volatility is off the charts. 

📉 Red Flags: Could high interest rates and weak auto stocks bring Carvana crashing down?

Watch my full analysis to see if this is a golden opportunity… or a looming lemon of a trade.

Order Flow: 

We had some calls hit late Monday for Levi’s (LEVI) earnings, and with shares trading just over $21 today, they’re still right smack in the money and could be worth a look if you’re feeling bullish for LEVI earnings after the close. 

We also saw a an odd order in Joby Aviation (JOBY) after some Toyota investment news. 

China stocks have been on a tear, and we got a sizable $1.2M order in JD.com (JD) for the January monthly calls that are deep in the money, and another order in calls expiring tomorrow that are right at the money. 

These weekly calls can move in a flash, so remember to always respect that risk before you enter.

*This is for informational and educational purposes only. These are not official alerts issued by Lance, but rather some interesting orders picked by the team at Lance Ippolito Trading.  

There is inherent risk in trading. Trade at your own risk. 

  • LEVI Oct24 Strike: 22 Calls premium: $100,000 ASK BULLISH
    Trade Date: September 30, 2024 Trade Time: 3:54 pm
  • JD Jan25 Strike: 42.5 Calls premium: $1,215,060 ASK BULLISH
    Trade Date: October 2, 2024 Trade Time: 12:45 pm
  • JD Oct24 4th Strike: 44.5 Calls premium: $186,890 ASK BULLISH
    Trade Date: October 2, 2024 Trade Time: 12:26 pm

Note: If no date is listed after the month, it’s the monthly expiration (third Friday). 

The team at Lance Ippolito Trading

Lance doesn’t want the CCP spying on him, so you’ll never find him on TikTok. Same goes for other social media sites, which are filled with impersonators, scammers and crypto bros. 

You can only find him on his personal YouTube Channel — smash that Subscribe button! https://www.youtube.com/@LanceIppolito 

And in his private Telegram channel: https://t.me/+-gVwEIwGJhplMTgx 

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

P.S. Check Out This Underrated Way to ‘Sidestep’ This Month’s Volatility 

We’re officially in “volatility season.”

As historical performance during election years shows stocks could experience the most volatile period between now and Nov. 5.

But I’m not worried. 

That’s because I’ve come up with a little “loophole” that lets me target overnight moves of $500 or more (based on a $2,500 starting stake)… 

It’s all thanks to a phenomenon happening all across the stock market right now…

That’s opened up a new door for regular folks to grab their slice of the millions, sometimes even billions of dollars going into specific stocks each day.

Not in a month…

Not in a week…

But In as Little as ONE DAY

The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 5/19/22 through 9/10/24, the average win rate is 73.8%. The average return was 6.6% over a 6 day average hold time, the average winner was 28.9%. All examples based on $2,500 starting stake unless otherwise stated.

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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