navElement option is missing in module. It is not documented in Owl carousel docs but it is implemented. At least in beta 2.4. See here.
For example, you can change navigation from div to be buttons or links. Mainly one would like to change this for accessibility purpose.
Needs work
3.0
Code
It affects the ability of people with disabilities or special needs (such as blindness or color-blindness) to use Drupal.
Not all content is available!
It's likely this issue predates Contrib.social: some issue and comment data are missing.