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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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Lets Start With Caterpillar Calls On A Friday Afternoon at 12:08 p.m..

Now this. Call options which expire later in the day.
Now later. Well actually one hour and sixteen minutes later.
Now Telsa.
Now Telsa later.
Now Boeing with a first look starting at 1:22 p.m..
Now thirty minutes later. It's still stuck.
Now for a look at what the markets were doing when we first started this exercise.
Now a look at the markets at 2:00 p.m. about two hours later. It's turning out to be a strong day.
It's two p.m. Some options have doubled since lunch time. Time to exit. Things can get screwy towards the 3.00 pm. deadline for retail investors to get out of option positions. This is a Friday only rule on all options that expire that day. They want you out so that your positions do not gt exercised.Check back later over the weekend to see how these options ended up closing out. Friday Call option trading is not for the weak of heart but it can be a profitable adventure if there is strenght in the markets around lunch time. Now here are the three end of day readings. First Caterpillar. Notice that they hit a high of $2.60
Now Tesla. When we checked them at 2:47 p.m. they were trading near the top range of the day.
Finally Boeing.
A hour in the market holding a Call or Put position that expires that day can seem like an eternity.

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