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Caravan On A Monday Opening Rally

Let's start with the action on Carvana back at the start of the week. Here is it's mid afternoon chart on Monday. The stock is up $23.00 on the day! When you see stocks move up like this you sometimes wonder why there isn't more profit taking at the end of the trading session. . Now let's jump forward to Wednesday afternoon with tomorrow being a holiday. Carvana is up. How much? Well about $28.00 more dollars in the last three days! Word on the street is that their main competitor "Carmax" is in trouble. Here it how it has traded in the last thirty days. It had a bit of a dip but seems to be coming back. Avis Budget Group also shown below the same thing. Hertz in the last three months has also struggled. So back now to Carvana. It's on fire this week. Buying Puts now that expire on Friday would be kind of dumb. Yet then again the stock could swing $20.00 or more in a few hours! It's a bet on catching the right directon. Now here is a wildcard fact...
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How Was Your Week Trading The Market?

With all the ups and downs it's hard to figure out what is going on. Look at these three stocks and the options on two of them. 1) Chargepoint. One series of calls on Chargepoint went up 58% yesterday in one day. It was a strong day for the markets.
2) Blink
Here are it's recent numbers and the company is big on self promotion.
The third stock I want to comment on is one called Wallbox. First a five day chart and then later a 'year-to-date chart'. I am not crazy about this stock because of the trading range it seems to be stuck in. It will only take off if it survives and starts to make money. Do your own research on this one. WallBox also scares me because of it's Barcelona" address. If it ends up merging with someone else you will be lucky to get your money back. My ongoing interest all three of these stocks is that the "range anxiety issue" that consumers seem to have for electric vehicles is slowly starting to go away. Even Trumph is now thinking that going "partially" electric is O.K...
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