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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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Something Is Happening With Deere Calls.

You don't see this very often. I follow Deere options. First it's five day chart.
Now a look at the 410 Puts which expire at the end of the week. There is nothing strange about this. A few traders got in to play the downside.
Now the 410 Calls and what do you see?
819 contracts traded in the first ninety minutes of trading on this series of Calls that expire at the end of the week. A number of contracts this large tells us something. Or does it? Let's investigate further. Let's look at the volume of trading in the Deere Calls one striking price higher.
Why aren't more traders jumping into these ones if someone likes the 410 series so much? In the same sort of way why aren't traders jumping into next weeks Call options given the apparent spike in these Calls?
Now a check with "Yahoo" at noon to make sure these reported numbers are correct. Yes,the volume of Call options traded is now 855 contracts. More typical numbers would be 10 or 20.
Something happening here is strange. Earnings don't come out until prior to the markets opening on November 21st. Now here is how the same 410 series of Calls closed the day. They were way down.
To be continued.
Now this.
Now todays five day chart.
So what happened? What was all this smoke and mirrors all about? 1,045 Call contracts traded on the day in the 410 series of Deere Calls that expire on Friday but the "open interest number only went up by 116 contracts. Someone wasn't buying the 410 Calls on the crazy day of hugh trading. Someome was selling the Calls and buying them back before the markets closed on that same day!Forget the heading "Something Is Happening With Deere Calls" Someone with a fat bank account was out selling Calls and not buying them to make more money. Talk about swimming in a sea of sharks.

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