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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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"Out-of-the-Money" Call Options on Boeing With One Day to Go

Who likes trading options that expire that day? Let's move forward. First here is the five day chart of Boeing prior to it's Friday morning opening.
It looks like it could bounce. Part two, here is what I did. Look at times I got in.
In at 9:32.34 a.m. at thirty-two dollars each on four contracts and out at 9:43.07 a.m. at sixty-nine dollars each and also in at 9:34 a.m. at forty dollars each on two contracts and out 9:44 a.m. at seventy nine dollars.
These are ten minute trades picking off doubles in price. Here is a screen shot of how Boeing was trading during this particular period of time. I caught part of a one dollar early morning move up holding "out-of-the-Money" Calls. the ones that move the most percentage wise when they only have about six hours of trading time left in them. That is something to study.
Had I waited another ten minutes to get out I would of had given up all of my profits and had I held on to these positions until the end of the day I would have lost everything. Here is a one day chart on how Boeing traded.
Here is a look at how this series of Calls, the 212.50 Calls traded on the day. Eighty Four dollars was the high of the day.
The real winners in this secenaro were the 207.50 Puts. That's a different story which would have taken guts to play.
Movements like this happen every Friday.

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