Ticker Highlight Show: KMX/CVNA

Mark Sebastian

BY MARK SEBASTIAN

January 29, 2024

Last week, we gave you an overview of a ticker we like…and here’s a free trade idea.

Have a stock YOU want us to review? Email my team here. – Mark

Trade Ideas

Buy to open 3 KMX Mar15/FEB16 75 for 1.05 fills

Buy 1 KMX Mar15 65 puts if KMX breaks below 68.5

Buy to open 1 KMX Mar01 $71/$77 call spread for less than $2.00

Break below $68.5 kill the calls spread and pick up KMX Mar01 65 puts

If you’d like to watch this morning’s show catch it right here:

Your only option,

Mark Sebastian

P.S. To see the live show every Monday at 10:30 just sign up for any paid service here at Option Pit... or call 888) 872 3301.

Questions about anything? Leave a comment below!

Mark Sebastian

Founder & CEO, Option Pit

See what's hot at option pit

CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain

DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain

PFE May17 26 calls closed for a 66% win

OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain

OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain

Pit Report

Mark Sebastian

Mark Sebastian is a former member of both the Chicago Board Options Exchange (CBOE) and the American Stock Exchange (AMEX), where he spent years mastering the art of options trading in the most competitive environment imaginable. As Chief Investment Officer at the hedge fund Karman Line Capital, Mark manages sophisticated options strategies for institutional clients. He is the author of two highly regarded books on options trading: ‘The Option Traders Hedge Fund’ and ‘Trading Options for Edge.’ Mark is a frequent guest on major financial networks including CNBC, Fox Business News, Bloomberg, and First Business News, where he provides expert commentary on market volatility and options strategies.

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