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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 is Triple Witching And Last Week's Action

It happens four times a year and it's going to happen on June 21st. It's a market reset. Do your your own research on what it is. Just stay away from trying to play one and two day options on the 19th or 20th later this week.
Look at how Tesla traded this week.
Tesla was up .53 cents on the week however it was up $14.00 in one day midweek! Now Boeing, it was down $12.97 on the week.
Now look at Caterpillar on the week. There was no news to explain why it was trading like this.
At the very same time Deere decided to rebound. Are wheat prices going up?
Nvidia this week topped the $3 trillion market value level for the first time. This stock keeps going up.
Eli Lilly also keeps going up.
Volatility like this should attract option traders however catching just the right situation is near impossible. If you have the energy watch the Tesla conference call that happened last week. Find it on Youtube. Elon Musk is telling the world that autonomous driving is just around the corner. That would be exciting. What ever happened to the "Summer Doldrums? The markets are not drifting sideways. It's difficult to keep up with all the action and some option traders are now opting to shy away from trading short term options. The triple witching thing and market "reset" thing. This could be a disappointing week for traders holding "near-to-the-money" options. To be continued.

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