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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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A Catputs Special. Making Nickles And Throwing Away Dollars

Look at this action today. I thought I was smart buying a Put on Boeing at 10:47 a.m. as it was charging upwards. Then at noon I bought a Put on Deere when it was going sideways and got out an hour later at a slight profit. Just a normal day.
Making $100.00 when I could have hung in and made $1,500. Deere had a sell off. Put option players often dream of being be part of sell-offs like this. Deere had a ten dollar drop in two hours! Why was I determined to get out so early? One thousand in this kind of trade would have made $10,000 which would be a nice way to end a week. I wait weeks and weeks for action like this to happen. I need a drink. How was your day?

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