Author provides an update on his short CVNA options position, stating his hypothesis that CVNA's enterprise value is $30-$40 per share and bull case value is $120 per share, and he continues to open and close net short positions.
CVNA — SHORT The author maintains a short position on Carvana (CVNA) based on his hypothesis that the company's enterprise value is only $30-$40 per share, far below current levels. He continues to trade short-dated options (0-10 DTE) that are 5-10% in the money, holding some positions for minutes and others for days. The thesis is purely valuation-driven, with no specific catalyst mentioned beyond the belief that the market overvalues CVNA.
My continuing hypothesis is that CVNA has an enterprise value of $30-$40 per share. A Bull case Value of $120 per share.
This Reddit post, published February 04, 2026, features u/BFLO-Retail discussing CVNA. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/BFLO-Retail · Tickers: CVNA