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Exxon On A Thursday Morning With Only Ten Contracts Traded.

Why only ten contracts traded? Sure there are other platforms to trade oil contracts and Exxon's listed options are only one way to do it. Yet think about this. Exxon employs about 61,000 people world wide. Some are accountants watching their books. Why is their so little interest in taking positions on their companies Call and Put options? Why are there not more contracts traded on Exxon options that expire tomorrow? To me it's all so strange. Here is Exxon's five day chart. Now this, a look at some of the action as of 10:00 a.m. The 112 series of options have doubled and thw 113 series (depending at what time you got in) are have gone up even more. This is the kind of activity I look for on Thursday mornings. *** Exxon ended up closing down on the day. Here is how the 112 series of Calls closed. Look at how few contracts traded. Look at the high of $2.00. Exxon can be a good stock to play options on with only a few days to go. Last week's blog showed the same thi...
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A Recap of The June 15th Blog On The Auto Stocks Like CarMax And Hertz

 I have four stocks to report on. This blog is a follow up to the action I talked about in a June 15th blog. We now have just finished a four day trading week. Here are the highlights of what happened in no particular order..

1) CarMax.  Here is how one series of it's Call options on it closed on Thursday of last week. Why are we looking at this? Well it shows what the 65 series of Call options were trading at, one week before their earnings report came out.  Would that be a clever time to get into these options in anticipation of good news?

The quarterly earnings report were coming out on the morning of Friday June 18th before the markets opened. If you want you can now call a toil free number to listen in on their earnings report. They will keep that line open and free to listen to for a week or so until up to the end of June. The number to call is posted in the past blog. I called in an listened to it. Two of the things mentioned in it were their average vehicle sale price per vehicle in this past this quarter vs their average vehicle sale price four quarters ago and their average profit per car, now and back then. With the tariff scares we are now facing, yes their profits should be up. What surprised me was the lack of guidance they offered going forward. Here is it's one week chart and a look at how high the June 20th Calls options shown below traded on the morning their earning report came out.



The gain wasn't crazy high because analyst already had crazy high expectations baked into the stocks price and baked into the price of it's Call options. At the end of the week there was no real money to be made trying to play this action.

2) Carvana. If you don't know about this stock its time to learn. I talked about in a blog a few days ago


On Friday it had a huge run. The Call options went crazy. One day options can surprise. Big money was made here.

3) Hertz is struggling and I talked talked about how options in the $5.00 and $10.00 range can sometimes be your best friend. Look at how it traded on the week with a surprise coming on Friday. What a way to burn the large number of Put holders. There were far more Put holders that Call holders. Once again there was really no money to be made here.



The fourth stock I talked about last Friday was Avis. It's symbol is "Car". It was trading at $121.94 at the end of the week. Here was it's chart last week.

Here now is how it closed this week. It jumped like Carvana.

It's yet another stock in this sector which jumped up over ten dollars on the week.
Many option players follow a handful of automobile producers. It's a segment of the market that they can relate to. Following the antics of a handful well known  automobile retailers can be equally rewarding. 

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