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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 Monday Morning Let's Start Off The Week Blog. Boeing

Boeing had a rough week last week. It was down $13.59. What a precipitous slide. Now here is a 11:00 A.M. look at one series of Call options that expire this week. These are not the brightest of options to be considering. Hoping for a Monday morning bounce could be only wishful thinking.
Now here is it's morning trading chart and it's five day chart. Look at how the stock went down all last week.
Tuesday was a touch better. Look at the 30 day chart. Could this be the start of a rebound? Probably not. The chart looks ugly.
Now the one day chart and how the markets closed. This chart is now starting to look like the Boeing we know.
A tough start to the week and Wednedays are often days of reversals. Not this time.
Thursday. It offered a chance to get out in the morning and after that the nervousness of holding onto a postion going into a Friday morning spooked option traders. The stock only end up $.03 cents on the day.
This chart better illustrates the hour-to-hour trading volumes and prices.These Calls opened down and quickly shot back up again.
Friday saw the markets sell off.
Here is what Boeing did on the day.
The Boeing Calls only offered one chance to get out.
It wasn't much fun to be playing Boeing Calls. Here is how it's five day chart ended up looking.
It was another tough week in the markets. Closing points. Wednesdays can offer reversals and Thursday afternoons can be a trap.

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