Weekly Earnings Thread 2/16 - 2/20

u/OSRSkarma · Reddit — r/wallstreetbets · February 13, 2026 at 19:03 · ⬆ 287 pts · 💬 1361 comments  | View on Reddit ↗
AI Summary

As an elite financial analyst, I have reviewed the provided r/wallstreetbets earnings thread. The following is a synthesis of the community's discussion, extracting actionable trade ideas based on sentiment and conviction.

Summary

  • The dominant discussion revolves around the earnings report for Carvana ($CVNA), with intense, polarized debate between bulls and bears, though bearish sentiment is more prevalent.
  • A strong secondary theme is general bearishness for the week, with many users advocating for "puts season" on various tech and consumer discretionary stocks.
  • Several other tickers like $FIG, $WMT, $OPEN, and $KLAR received significant attention, with users sharing specific call and put positions ahead of their earnings announcements.
Score 287
Comments 1,361
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Trade Ideas
r/wallstreetbets community Reddit community discussion
There is a strong, recurring sentiment that Carvana ($CVNA) is a "scam company," a "dog shit company," and fundamentally overvalued. Multiple users with high upvotes announced they were buying puts (e.g., u/Lcc30: "Got 5k in cvna 320 puts," u/Afraid_Deal_4376 loading up on "80p leaps after the earnings"). The implied move for earnings was noted as 15.7%. The community's deep-seated negative perception of CVNA's business model and financial health creates a conviction that its earnings report will be poor, leading to a significant price drop. The high implied volatility is seen as an opportunity for puts to "print." The prevailing community view is that CVNA is fundamentally flawed and its stock is destined to fall post-earnings. A short position, primarily through puts, is the consensus trade to capitalize on the expected negative reaction. Several users warned that CVNA is the "cockroach of Wall Street" and notoriously volatile, capable of squeezing shorts (u/Afraid_Deal_4376, u/TelevisionCool2806). Others noted the stock might already be priced in and could trade flat (u/Rvin16), or that options premiums are outrageously expensive, requiring a massive move to be profitable (u/the_tailor). TICKER - DIRECTION
CVNA
r/wallstreetbets community Reddit community discussion
Multiple users expressed bullishness on Walmart ($WMT). u/Charming_Raccoon4361 (+33 upvotes) predicted a 20% stock increase on a 2% revenue growth. Others mentioned buying calls (u/arbitraryBlue, u/Dry_Instruction6502) and predicted a "good bump" (u/IisIgnorantAF). The implied move was noted as 5.8%. The thesis is that Walmart, as a consumer staple and value leader, is well-positioned to perform reliably. The community sees its stability as a safe haven, expecting a positive earnings surprise that will push the stock significantly higher, well beyond its modest implied move. The community sentiment is bullish on Walmart's earnings, viewing it as a reliable company likely to beat expectations. The trade is to go long via calls to capture the anticipated post-earnings rally. One user (u/drakilian) presented a counter-argument, questioning how WMT could justify its current valuation and suggesting its earnings might disappoint, potentially triggering a rotation *out* of value and back into tech. TICKER - DIRECTION
WMT
r/wallstreetbets community Reddit community discussion
A vocal group of users advocated for long positions on Figma ($FIG). Comments like "All in on FIG calls, suck it nerds" (u/lincoln3) and "FIG calls because I like figs" (u/arbitraryBlue) show clear bullish intent. u/Cstooby cited its dominance in the SaaS collab tool market and "new ai bullshit" as catalysts. The implied move was 14.4%. The belief is that Figma's market leadership and integration of AI will impress investors, leading to a strong earnings beat and a significant upward move in the stock price, making call options profitable. There is a clear bullish camp for Figma, betting on its strong market position and AI narrative to drive the stock higher after its earnings report. The trade is to buy calls. The sentiment was not unanimous. u/Rvin16 explicitly stated they were buying "FIG puts." Another user (u/Brubiu) warned against shorting it after a recent large drop, implying it may be oversold and due for a bounce, which is a risk for put buyers but supports the long thesis. TICKER - DIRECTION
FIG
r/wallstreetbets community Reddit community discussion
Several users indicated they were buying calls on Opendoor Technologies ($OPEN), with comments like "Anyone buying $OPEN ?" (u/mark1forever) and "Bought $OPEN calls ready" (u/Smart-Ad-8116). One user (u/Liquidsnake959) explicitly stated they bought calls as a contrarian play against the perceived consensus for puts. The implied move was 16.0%. The bullish thesis is largely contrarian. Seeing widespread bearishness or uncertainty, these traders believe the market is overly pessimistic, creating an opportunity for a significant upside surprise on earnings that would cause the stock to "pop up" and reward call holders. A segment of the community is betting on a contrarian upside move for OPEN post-earnings. The trade is to go long via calls, anticipating a short squeeze or a better-than-feared report. The bullish sentiment is explicitly contrarian, meaning a significant portion of the community was likely bearish (as noted by u/Liquidsnake959). The stock is highly volatile, and a negative report could lead to substantial losses for call buyers. TICKER - DIRECTION
OPEN
r/wallstreetbets community Reddit community discussion
There is a strong bearish consensus on Fiverr ($FVRR). u/External_Anteater730 provided a detailed thesis that "AI is eating their lunch," arguing that AI-generated content is a direct and existential threat to Fiverr's business model. This was supported by others, with u/shekurika calling puts "obvious" and u/Harp-Note wanting it to "go down a lot more." The community believes that the rise of generative AI poses a fundamental, long-term threat to Fiverr's core business, which will be reflected in poor earnings and guidance. This creates an opportunity to short the stock. The consensus is that Fiverr's business model is being disrupted by AI, making it a strong candidate for a short position via puts ahead of a potentially disastrous earnings report. The primary risk is a "sell the rumor, buy the news" event. If the market has already priced in the AI threat, any slightly positive news or less-negative-than-expected guidance could cause a sharp relief rally, crushing put holders. TICKER - DIRECTION
FVRR
r/wallstreetbets community Reddit community discussion
Multiple users expressed bearish sentiment towards Palo Alto Networks ($PANW) before its earnings. Comments included "Palo alto puts loaded" (u/Own_Top_7009) and "Dump it panw. I called it here today" (u/Own_Top_7009). The implied move was 8.4%. The bearish sentiment was based on a general feeling or intuition that the stock was due for a pullback. Post-earnings commentary confirmed the stock dropped despite beating revenue estimates, with users pointing to lowered EPS guidance as the cause (u/Riskismyapellido). The community correctly anticipated a negative reaction to PANW's earnings. The trade was to buy puts, betting that even a mixed report with lowered guidance would be enough to send the high-flying stock downward. The primary risk, which materialized for the company but not the trade, was that the company could deliver a strong top-line beat. Betting against a strong company in a hot sector like cybersecurity is inherently risky, as any positive surprise in guidance could have sent the stock soaring.
PANW
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This Reddit post, published February 13, 2026, features r/wallstreetbets community discussing CVNA, WMT, FIG, OPEN, FVRR, PANW. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: r/wallstreetbets community  · Tickers: CVNA, WMT, FIG, OPEN, FVRR, PANW