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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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The Concept of Playing Thursday Options Which Expire the Next Day. Part One

Thursday morning trading patterns in the first hour of trading reflect human emotions running high. Could your favorite stocks in the $200.00 and $300.00 price ranges jump up three dollars on Thursday and three dollars on Friday? Wishful thinkings often shared by option traders on Thursday mornings. Yesterday Boeing jumped up over $4.50 and then down over $7.00. Will it jump back up agian today? It's Call options look so tempting knowing what the stock sometimes does. Then there is Caterpillar which was off during the last two days after jumping up earlier this week on government stimulus news. Why isn't that stock flying? This morning I used the "out-of-the-money", the Caterpillar 212.50 Call option series that were like four dollars "out-of-the-money" with one day to go for a short term ride. Was I dreaming? Not really. Caterpillar had a strong opening and these options remained relativly flat because they were so far out-of-the money. I bought in at a penny under the ask (on a five cent spread) after chasing it up with lower bids as it eventually started to rise and then sold out "at market" not to mess around. I was only in the position eleven minutes.( out at 9:26 a.m. Look at the chart below to see what part of the days action I was playing).
Look now at how this stock did on the day and what the 112.50 out-of-the-money Call options did.
I was lucky to catch the action the way I did. Now for a look at something really wild look at this. Today's action in DPZ. Tell me that insiders are playing this stock. What is so strange is the low number of option contracts traded. Look at the price swing in these Calls.
Sixty five cents to eight hundred and twenty. Wow.

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