CarMax ( NYSE:KMX ), the pre-owned vehicle giant, faces a bumpy road ahead as it misses analyst expectations for its fourth-quarter results and pushes back its long-term financial targets. The company's shares took a nosedive, plunging as much as 13% in premarket trading. Blaming ongoing vehicle affordability challenges and inflationary pressures, CarMax (...
If you haven`t sold KMX before the previous earnings: Then analyzing the options chain and the chart patterns of KMX CarMax prior to the earnings report this week, I would consider purchasing the 80usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $13.40. If these options prove to be profitable prior to the earnings...
Analyzing the options chain and the chart patterns of KMX CarMax prior to the earnings report this week, I would consider purchasing the 79usd strike price in the money Puts with an expiration date of 2023-9-29, for a premium of approximately $4.00. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking...
Analyzing the options chain of KMX CarMax prior to the earnings report this week, I would consider purchasing the 78usd strike price in the Puts with an expiration date of 2023-6-30, for a premium of approximately $3.30. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion...
KMX has formed a triple bottom and is looking for another bull move towards the upper trend line in white. A triple bottom is a very bullish pattern and i have shown the results with the bars pattern tool. I expect a move up towards the white line.
falling cycle -48.81% more than 10 days. ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240...
Once it stays above 60, in next 3 months it could hit 90. Its oversold and getting ready to bounce back.
Carmax is slamming head first into hidden support. Rainbow Theory is pointing out multiple items that should be noted. RAINBOW PIVOT ORDERBLOCK SUPPORT RSI X'S COLOR ROTATION COLOR CANDLE ROTATION RUNNER BOT BOTOM SIGNAL Keep an eye on this setup and let us know what you think!
Price briefly dropped below the uptrend line, just to sharply recover and allow further support to form along the upper trend line in white Rectangles in green are zones where price moves along the Trend Line
Yesterday i was amazed to see a block of 35K calls worth of $525K on VRM expiring May 20. And i will explain to you why they might be extremely profitable! Since its highs, VRM lost 97.76% of its value and it`s not a crypto, by the way, it`s a company that makes billions of dollars. The calls are related to the first Quarter earnings on May 9, so they expire 11...
You can buy KMX target 142.11 stop loss 121.93 Money management your responsibility. I recommend entering a maximum of 10% of the portfolio. Good luck
I spotted a potential Swing Idea on KMX. I'm eyeing 140-145 calls. I haven't determined an expiration date yet, but I'm aiming for next month, maybe even Dec. depending on the contract prices. I also have a 1hr markup which is showing me a possible bounce coming off the 200MA. WIll this happen anytime soon, that I don't know. However, I'm liking the pullback to...
According to the option market, KMX is looking to make a 6.5% move based off of $133. This meaning 6.5% to the upside or downside is expected. Due to the current set-up, in my opinion CarMax could reach that 6.5% before earnings rolls out on Thursday. Demand above $134 could trace a realistic move to test $138-$139 by earnings, and has room to even create a...
I expect quarterly revenue to be less than. Goals on the chart.
I WOULD GO SHORT UNDER 92. LEVELS BELOW ARE 89, 85 GO LONG OVER 100 TRADE IDEA: 90P 10/2. BID/ASK: .65/.85
If you look at the 1M and 1W, you will see solid resistance and at the 1W you can see kind of like an upward wedge and a red inverted hammer wick. Zoom in a little to 1D and we will see kind of like an upward wedge formation going on, and that it is currently retracing from resistance, but some consolidation here could happen. From here on we will need to wait a...