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Should You Buy Puts on Carvana Stock?

TheMotleyFool

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Should You Buy Puts on Carvana Stock?: https://g.foolcdn.com/editorial/images/709533/colorful-gradient-modern-tutorial-youtube-thumbnail.jpg

In this episode, Motley Fool Contributor, Connor Allen, breaks down Carvana's (NYSE: CVNA) future -- which does not look good. Its weak balance sheet combined with a high cash burn displayed in its most recent earnings report has put this company in a precarious position. Buying puts might be the best way to benefit from this stock.

*Stock prices used were the after-market prices of Nov. 11, 2022. The video was published on Nov. 15, 2022.

Source Fool.com

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