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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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Roku Again

And why option trading on Monday's with one week Calls sometimes work. Roku once again. It's rebounding off last's weeks earnings report. I talked about that in a previous blog. Look at this mornings happenings.
Might it be time for a slight jump? Here are the 58 series of Calls in the late morning at 11:38 a.m.
Why are these Calls interesting? There is wiggle room to go back up to where it was closer to the opening. What's next? This.
Now the chart.
Notice how little trading there was in these options after the 1:00 p.m. mark. On ten contracts this would be a tidy trade. **** Here is how they closed the day.
**** Now a look at the furthering strength the following morning.
******* It's easy to be an arm chair follower of all this action. Notice this series of Call options stayed strong for the entire previous afternoon? That sometimes makes it a good bet that they will open stronger on the following opening. Yet not always.

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