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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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Things Are Happening Quickly With Trump Coming Into Power.

Look at this. Pfizer. It's five day chart. What is happening? Look also at Eli Lilly's five day chart.
Now look below at how Eli Lilly sold off again, this time on Monday morning. The news of what was happening was further decimated over the weekend.
Can you jump in now and play it for the upside? Perhaps but who would want to? Call options on it are so expensive now that this time it would have to rally way more than half of what it just lost so far today just break even by the end of the week. Who would want to take this risk?
Now a question. Why is the open interest posted above at zero now? Well traders last Friday looking for a rebound where busy purchasing the 745 series of Calls instead. Not this series. Now here is how the 715 series of Calls closed out the day. They ralled over $4.00 a contract since we first looked at them.
Here is now what it's five day chart looks like at the close on Monday.
Now consider Pfizer. Might it rebound a touch at this point in time? Well options with less than a week to go in the twenty five dollar price range are dangerous. Here is a look at how it's "in-the-money"$24.00 series of Calls options with ony four trading days to go are trading at the end of the day on a Monday. Will they pop enough on the opening tomorrow to get out with a 50% profit? "In-the-money" Call options in this price range sometimes offers this potential. Not many traders were jumping into them today. Friday, when these Calls expire is still a long ways away.
No such luck. The DJII is down on the openining 325 points.
Eli Lilly is also down just over $10.00.
To be continued.

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