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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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A Perfect Storm - McDonalds

Here is McDonalds one day trading chart on Friday March 15th. The DJI was down 190 points on the day.
That's nothing crazy unusual right? Yet there was news last week of a technical glitch.
On Friday morning things seemed to be normal until some sellers decided it was time to get out. Watch how these "out-of-the-money" Puts sold off down to $.02 ($2.00 a contract) in very early morning trading.
Some traders would have got very lucky. Friday mornings are the only time of the week option trading like this can happen.

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