Calls Sold on CarMax (KMX)

Shares of CarMax Inc. KMX are higher on the session by 2.16%, currently trading at $20.37. The stock has been trading largely lower over the past six months and is currently in a downward trending channel. Options traders are selling calls on the name today. The July $22.50 call was sold 1,500 times, on or near the bid; open interest on the strike is 5,496 contracts, suggesting that a long call position has been closed. Call volume is now running at 3.52x the daily average. CarMax, Inc. is a holding company and its operations are conducted, through its subsidiaries. The company is a retailer of used cars, which retailed 357,129 used vehicles, during the fiscal year ended February 28, 2010 (fiscal 2010). As of February 28, 2010, CarMax operated 100 used car superstores in 46 metropolitan markets.