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Showing posts from February, 2022

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Carvana Starts The Week With An Opening Rally

Let's start with the action on Carvana back at the start of the week. Here is it's mid afternoon chart on Monday. The stock is up $23.00 on the day! When I see stocks move up like this I sometimes wonder why there isn't more profit taking at the end of the trading sessions. . Now let's jump forward to Wednesday afternoon with tomorrow being a holiday. Carvana is up. How much? Well about $28.00 more dollars in two days! The word on the street is that their main competitor "Carmax" is in trouble. Here it how it has traded in the last thirty days. It had a bit of a dip but seems to be coming back. Avis Budget Group, also shown below the same thing. Hertz in the last three months has also struggled in price. So back now to Carvana. It's on fire this week. Buying Puts now that expire on Friday would be kind of dumb. The markets will be closed on Thursday. That plus the market will be closing at 1:00 p.m. on Friday. Yet then again the stock could drop $25.0...
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A Four Minute Intro to Nio

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Last week Ford was the second most active stock traded on the NYSE by share volume. It closed at $17.83, down 1.2% on the week. Nio was the fourth most active stock traded on the NYSE by share volume.That's an accomplishment in itself. It closed at $20.94 down 9.8%. Here is a picture of one of the electric cars it races. It is the fastest electric car in the world. Here now is some company news. Now let's look at it's trading history starting with a three year chart and followed by a one year chart and then finally a one week chart. Might this stock, and Ford start to rebound back up in the first quarter of this year? It's chart isn't particularly attractive but the story behind the chart seems to be good. The stock's price got ahead of itself. I will be tracking the Call and Put options on it this week. *** I am not a fan of purchasing Calls or Puts with one week to go on stocks in the 20 price range. The premiums are to high with only five trading days to...
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