CVNA Two days before it's collapse, Bear Stearns still had new price targets near 92; by Sunday, it was sold for 2$ When analysts slap 400+ targets on Carvana, remember how fast narratives and liquidity can flip.
CVNA today was so brutal that my 307.5$ Puts expiring tomorrow went from 10.00 on Tuesday, to being worth 2.34 on Wednesday, and I sold for 12.75. Absolute madness.