Featured

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...

Tesla In the First 10 and 30 Minutes of Trading on a Friday Morning and Then The Close.

First read the "Gamma Bog" recently posted which talked about Telsa Calls. These options traded the same way a few years ago when Telsa was enjoying a previous growth spurt.Telsa opened just a touch down while the market opened up. It's Friday morning and there are options on it that expire today.
Other big name companies also opened with no direction.
Now look at Tesla and a little bounce. First, here we are two minutes into the trading action and the action at 9:32:53 a.m..
Now a 10:13 a.m. The stock continues to crawl upwards however the time factor could start to work against it if the market starts to sell off. Some traders would take their profits and close up shop for the week.
Look at the change.
Now lets check in at 3:11 p.m. to see how the days action played itself out.
Telsa is on a terrror. This kind of action has being happening for months. *** In at 11:00 a.m. and out an hour or so later after buying and selling ealier in the morning. Sounds impossible. It's so difficult. Yet it's out there to be had.

Comments

Popular posts from this blog

Living on Kraft Dinner?

The Little Engine That Could

A Fireside Chat - One Year Options and Thirty Day Options. Which is Better?