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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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Charts Don't Usually Do This So Quickly. FedEx

Look at this chart - it was early into a Friday morning. I am sorry I ignored it.
It was Fed Ex and I was too busy to be watching it. My first thought when I saw the drop was that here is a perfect example of how a stock can drop and then be held perfectly still at a lower level. I often see this kind of a chart formation and know that it is often a precursor to further price declines. Yet I overlooked something. It's Fed Ex and this stock has a history of over amplify bad news and then somehow discounting that news.
......
The chart above shows its one year trading history. It's a power house business which has a history of getting knocked down. Now this.
Can you see how some traders were not afraid to buy in on bad news? In this case there was time after it crashed to get in on the buy side. Now a look at next weeks Calls to see the slightly different trading action.
NOW LOOK AT THIS. THIS IS SOMETHING SUPER IMPORTANT. Look at the open interest now in these next week Call option. OPTION TRADERS ARE SMART. THEY KNOW HOW TO PLAY THE GAME. Pick your battle and run. There are now only eight open contracts on this series of Calls! Yes eight. The consensus now is that this particular option series is now to risky to hold onto. (I will check back in a few days to show yu how they are doing). The end.

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