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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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Boeing Puts On A Friday Morning Oct21, 2021

Some people watch t.v. shows like Star Wars on Friday morning while other people watch the markets trade. I am of the later camp. I blogged all week about Boeing and talked about how the U.S. government is breathing down it's neck, ready to chastise them for any move that they make. Is this mornings upward move substainable on the day? At 10:00 a.m. look at the position Boeing is in. First, here is it's five day chart.
Now here is the one day chart as of 9:54 a.m.
Now here is how the Put options were trading at 9:43 a.m. Note this is a readout about ten minutes earlier when Boeing was still charging up. Somewhere a few minutes ago they even traded for less.
Now look at where the Put options are trading at 9:54 a.m., exactly thirteen minutes later. Look at the volume creeping into this series. Boeing has dropped seventy one cents over this period of time.
Now a second look at 11:00 a.m. The value of the options is little changed however the volume keeps rolling in.
Now a look at this action at 11:11a.m.
Now look at the 1:10 p.m. activity. Look at the new price and look at how the volume of the open interest continues to increase. It will be interesting to see when Put option players will start to bail. I would think now would be as good as time as any.
So here is the end of day action on the Boeing 215 Puts.
This is what option trading on Fridays is all about. ** to see the most recent previous blogs scroll up to the top and click the button on the right.

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