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Tesla is Down About $20.00 In Pre-Markets On A Friday Morning After Losing $20.00 On The Previous Day

Here it is. What are we looking at? We are looking at Tesla's one day trading action yesterday which was a day when the markets had a big decline. We are also looking at the "bid and ask" on Tesla in the premarkets this morning which is a Friday. A bid now of "383.60 ask $383.70". It's unusual the spread it so tight making it in theory a good time to make an "at market" trade. I would be more inclined to purchase a $390.00 series of Puts and bail thirty minutes or so after the opening. It's 7:57 a.m, as I write this. In the past I have witnessed these exaggerated premarket declines shrivel up to near nothing as the opening bell approaches. Is that going to happen this time? Tesla now at 8:36 a.m. in the premarkets. Notice only a small price change upwards? Now at 9:20 a.m. and things have not changed. That is a strong indication that things are not going to get better. Other stocks are set to open lower after yesterdays big decline. Even gett...
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A Letter To The Editor

In Barron's on July 8th. It goes something like this. Zero-Dated Options: A Road To Addiction. I know we are at a market top when my 17-year-old son is begging me to allow him to trade these options with his savings from birthdays and graduation {"The Lastest Day-Trading Craze". Cover Story July 1st). Instant gratification. Between this and sports gambling, we are promoting addictions. Read my last Tesla blog.

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