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CarMax Puts?

 Here is the number. Call in to listen to their just released quarterly report. You won't have to talk to anyone. It is 800-839-1247. In about five days this link will disappear. Please listen to it. I listened to all of it once and to the first half of it two times. What I learned is that their retail car sales on the quarter compared to the same quarter a year were up 6%. They purchased 336.000 vehicles from the public, up 7% and 48.000 from dealers up 38%. Their average retail sale price was $26,100, down $400.00 per vehicle from last year. They doubled their share buy back program. AI technologies are now helping them operate more efficiently. Everything seems positive. But wait, we are talking about  the used car business and what could happen if consumer confidence suddenly starts to wain? Look at it's three year chart. It now sees to be hitting a rough patch.  Now a one month chart.  All of this talk about tariffs and what level of tariffs will be imposed on n...
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"Revisiting My Last Blog on Ford Dropping One Dollar"

"Ford" dropped hard last week during a one day period of time as did "G.M.". Both stocks were more skiterish than usual. The reason for this was later attributed to a storage of chips. That's strange, why was this new news? Here is what the two stocks did.
I mentioned we should be watching "Call" options which expire not a few days after this happened but to look a few weeks or many months out. I suggested the May 21st "Calls" when they were trading at bid .45 ask .46 and the Jan 11th "Calls" when they were trading at 1.71- 1.72 . Now here is a look where they are at now.
It's not much of a gain but a small gain in the right direction. 'Playing the market' to me is bit of a misnomer. The more trading you do the better you become in reacting to unexpected situations.

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