Posted on October 16, 2023
If you need, Copart Inc. (NASDAQ:CPRT) will sell your car. You can also go online to buy a vehicle from one of their auctioneers.
Indeed, today, we’re going the sales route with CPRT, as you’ll shortly see.
But first, we have three to close for some nice scratch.
To kick off, our NVS trade, whose details can be found HERE, sees us with a credit of $1.45 and in possession of 2 short October 20th 100 CALLs.
That we’re now buying back.
They’re on sale for a mere $0.30 each.
Do it and you exit with $0.85 NET on $0.25 originally laid out.
And that’s 340%.
Next is our GE endeavor, whose details can be sourced HERE.
In brief, we have $1.65 in hand and are in possession of the December 15th 110 synthetic short.
Buy back the CALL for $5.95 and sell the PUT for $5.50 and you walk with $1.20 NET on just $0.25 spent.
And that’s 480%.
Let’s have a look now at Copart.
Fundamentally, the company sports some middling metrics.
With kind regards and a speedy end to the war.
Hugh L. O’Haynew