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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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What To Focus On

Last week the top ten most actively traded stocks on the NYSE, Volume percent Leaders were in order, Beachbody (BODY), ProphyAqn, M3-Bridage, ApolloStrallA,TelecomArgentina, ConstellationA, Xperi, YPF, SilverBoxLLLA and CementoPacasm. All these names were new to me. The top ten on the Nasdaq, once again Volume percent leaders where AuroraTech, MorphoSys, iRobot, FocusImpact, Creud, CleanEatha, .... well you get the point. When you daytrade you should only have a handfull of names you feel comfortable trading. Forget all of the most active hype. Guess how much Ford was up last week? .14 cents on the week. What about Nio, the Chinese EV company so many people are trading? It was up 1 cent on the week. Lucid was down 1 cent and Apple was up .28 cents. With movements this small how can traders make any money? Last week I tracked both Ford and Deere Call options. Deere was off $19.96 on the week and Boeing was up $11.96. Pick names like this and follow their stories. Learn to play the reactions to earning reports. Stay away from the markets on days everything seems to be going sideways. Look for mid-week reversals and check out the upside and downside volumes at 10:30 a.m. on a Friday morning to see if midday rallies could materialize. Wait for hurricane notices and buy Home Depot Calls. If you like playing options that expire in a few days check your calendar to make sure no upcoming suprise holidays will jip you out of one days trading action. Find one year out options on stocks in the ten dollar range. Yes you can teach youself how to play options. Keep reading these blogs.

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