Thanks. I will check them. I have to get cash for any trade that I do. If I believe it will go up, I sell naked put and if I believe I will go down, I sell naked calls and some more sophisticated option strategies.
Put an order to sell Call 175 and buy 165 PUT on LEA for October for credit. It has not gone through yet
Downgraded by Goldman this A.M. Its down $.84 pre-market. $73.35 As these things go, its probably a good long today. See what happens.
I read their Q&A word by word and studied their report very carefully and I felt no brainer to short it today. I shorted 600 at 75.
Most of the today's drop is because of the market but I want to be fair on KMX, it is not really worth even $60. I am evaluating it comparatively. Their loan business is also risky. Their car loan default rate was increased by 10% in last quarter. This will be my last post on this thread since I have a position now and I feel I am biased now and maybe my posts might not be rational. It is up to you guys to evaluate it and go either long or short or stay away.