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

Here it is. This is a somewhat unusual situation. 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. Yesterday's big decline is causing a scare. Will the stock keep falling? One thing we do know is that the stock is going to go up or down. How do you play it? Can you play it and why would you even want to try? A bid now of $383.60 and an ask of $383.70. These numbers are premarket pricings far below the previous closing numbers. Really far below. If you look at the above chart you can see the price range that it closed in.Yes you can buy in the premarkets with the click of a button. I should be doing blogs about how it all works but really it's as simple as it sounds. It's unusual the spread it so tight making it in theory a good time to get a good fill on an "at market...
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Boeing 1st Quarter 2022 Earnings Report

The markets are rough in recent days. Boeing just had earning reports come out. Here is what happened in the first hour of trading. It doesn't matter what the numbers are. What matters is how the company addresses the issues.
How does a company lick it's wounds after news like this. Well they artfully plants forward looking statements.
Seven little very polished points which help to wash away the past and make us look forward. Well done. That's why their C.E.O.s get paid big bucks. Here is a look at one series of Boeing Call options two weeks out. The 155 series of Calls which expire on May 13th 2022. Is two weeks enough time to wash this bad news away? That's the bet.
Notice this is a series which previously never had any "open interest" in them. This is rare but not necessarily a bad thing. Do you have $420.00 U.S. you want play with? It's a chunk of cash. Yes or no? Is this the right time to "pull the trigger"? It's the catching a falling knife position. It's dangerous because the stock might keep falling. It's only 10:30 a.m. so is the bad new scrubbing all over? I don't know. Sometimes you have to live on the wild side. ** A 2:00 p.m. update.
Finally here is how it closed out the day.
We will check back in on a later date.

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