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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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Ford Calls on a Friday when the DJAI jumps over 500 Points on the Day

First, back on May 14th I posted a blog entitled Ford Puts - Sometimes They Will Suprise. This blog is the reserverse of that action. First it's Friday May 31st and here is how the DJIA closed the day.
The stock Ford had a good day. Here is it's one day chart.
Let's now look at the 11.5 series of Calls that expired today.
Now let's look at the 12 series of Calls, that's where the real action was.
It's difficult to see the last little colored chart but basically the twelve series of options got off to a slow morning start and then picked up steam as the markets rallied in the afternoon. $100.00 Call options in would have returned $1,500. I have talked about Ford options before and the concept of playing these penny like short term options. It's a game that has being going on for years. If all of this is to rich for your blood the next week options also had impressive afteroon gains. It's not every Friday the D.J.A.I jumps over 500 points. That's what it takes to make this kind of action happen. It's not rocket scientist stuff.
* Ford traded down three cents on the week.

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