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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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Rivian Again.

In two previous blogs I talked about V.W. giving them money to then watch the stock flutter up and come right back down again. They are still losing money. Here was todays action. First two different pieces of news which I didn't see until late morning.
Now here is how it traded back on Nov. 21 st on the V.W.news.
Now here is how it traded this morning. This five day chart shows a spike up this morning at 10:28 a.m.
What did the ten series of Calls do, the ones that expire this friday? Well seven minutes into the market they were up 88%.
Now additional details. A government loan to help build a new plant.
How did the ten series of Calls close out the day?
The Calls were up 288%. Final thoughts. It helped the DJIA was up 440 points on the day. Rivian gained last week .18 cents. Had you bought one week Calls on it last Monday you would have got smoked. Imagine purchasing the 10.5 series of Puts on Rivian this morning that expire this Friday thinking the stock would sell off by the end of the day?
Now this. The three year Rivian chart. Maybe one year Call options on it are something to consider.
Now look at this. The "one-year-out" Call options. They were up 76% in price in one day. Long term options are not supposed to do that.
So much is now in play.

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