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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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Lordstown Motors and Polestar

The race to go electric can sometimes be expensive and sometimes you have to do unexpected things to keep going. Lordstown has had a rocky ride and announced on Friday afternoon a new partnership. Friday afternoons are the ablsolute worst time of the week to make such announcements if there is a chance investors might reacte negatively to such news. It doesn't give the markets much time to allow this news to sink in. Mondays are better when people are more in a forward thinking mode.That's exactly what happened as you can see from these charts. But first the news.
So your taking on a new partner with expertise who also supporting the share price. What's wrong with that? Look at the money they are pouring into this company and isn't time of the essence to get the project closer to the finish line. Will this news eventually end up being viewed as a good thing? How much value do you place on this new companies expertise? It has to be worth something. Here are the January Calls with a 7.50 striking price. I am not saying to rush out and buy them. What I am saying is that this sector of the market is getting a lot of attention as of late and this could be an interesting play.
Perhaps a striking price of 10 with one year to go might be a better way to play it. Or just stay away and watch how things unfold over the next little while. This stock has had a rocky ride. Here are two other electric car events that happened in the last week.
Now Polestar and a new issue.
Look at the volume of trading on this stock on Friday, simply crazy and here are next weeks 10 series of Call options on it.
An Oct 5th update. It's not good.

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