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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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Trump Says "We Will Be Off To The Races When China Calls".

First Solar tanked on the opening (a Wednesday) on news of an economic slow down and Trump talk. At 9:43a.m. the D.J.A.I is down 630 points.
First Solar took a hit.
Now this about ten minutes later. The stock has stabilized. Volume on the Call side is increasing.
One trade at $2.86 and the spread between the "bid and ask" actually widening. It's the catching the falling knife syndrome. Now this.
The DJAI keeps going down.
Twelve minutes later strenght has come into these Call options. The spread between the "bid and ask" remains crazy high. The stock has stopped falling.
Where are these options going to be in ten minutes time which will be 10:20 a.m. Can you see how nerve racking playing this sell off is?
The "bid and ask" are now tigher. Normalcy is returning. Or is it?
Now a recap. $2.99 at 9:48:00 a.m.,$4.00 at 10:00 a.m. and $5.40 at 10:10 a.m. Only 29 contracts traded during this time period which tells us that option traders are not conditioned to be playing these kind of moves. Nor is Ai trading considering the millions of dollars they spend on tracking and profiting from market moves. Yes you can catch a falling knife. Notice that this stock started to rebound before the DJIA stopped falling. Successful Call option traders had to recongize that. Now a 11:20 a.m. reading.
Notice the increase of only one Call option traded? Now the final end of day pricings.
The DJIA closed up 148 points. :::::: Now a next morning look.
The end.

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