Here Is Where Option Traders Expect Carvana Stock to Be When It Joins the S&P 500 Index

Carvana (CVNA) shares rallied nearly 12% on Monday following news that the online used car retailer will become a part of the benchmark S&P 500 Index ($SPX) on Dec. 22. Investors cheered CVNA today also because Michael McGovern, a senior Bank of America expert, said the upcoming index inclusion positions the stock to extend its rally in 2026. More News from Barchart BofA’s call is significant given Carvana is already trading at more than 2.8x its price in early April. www.barchart.com Where Options Da ...