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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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Boeing Calls After Two Strong Upward Days of Trading

This blog follows a blog two days ago following the same thing. This time it gets more interesting as the stakes get higher. Here is how the Boeing did on the day. Will it keep risng tomorrow?
Here now are the premiums on the 190 and the 200 series of Calls we talked about in our last blog.
Now the 200 series.
In our previous blog these trading numbers were $1.92 and .31 cents. At some point in time in the near future the 200 series Calls will burn themselves out if the stock doesn't pop higher. It could. Let's see what happens next. The volume of Call option activity tripled over what happened the day before. Rising stocks attract attention. Thursdays and Fridays may suprise on the upside but Wednesday mornings can sometime bring reversals. Mid week option trading (Wednesday) I enjoy doing usually centres around one hour plays just afer lunch. Everyone trades differently. I would be getting out of Boeing after a little surge like this. More to follow. Now the action in early morning Wednesday trading. Note I talked about how this day of the week can have reversals. As Boeing opens strong look at how the "out-of-the-money" 200 Calls surge upwards. Look at how the 190 series of Calls keep going up.
Now here is where the Wednesday change of attitude can kick in. Look at these two 12:24 p.m. readouts. Boy things have changed. The 200 series of calls after a spectular run could now be toast.
Finally, this how Caterpillar closed the day.
What's next? What is the sweet spot? Well it's not six dollar Calls that expire in a few days.

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