Little Sleep… I Was Active Last Night

* Shorting SPY and Tesla

* I covered all my $SPY short (for a more than +$6 profit) and only one third of my $TSLA short (for a +$15 profit) 

After the company’s EPS release I shorted Tesla shares at $394.34:

Taking a Small Short in Tesla

After a quick look at the EPS release (revenues in line) I am taking a small trading short rental in Tesla (TSLA) at $394.34.

This is a low conviction trade.

Position: Short TSLA (S)

BY Doug Kass · Oct 21, 2026, 4:12 PM EDT

I covered one third of the short position for a +$15 profit:

My Comment of the Day (Part Deux)

Dougie Kass

I have a quick $15 profit in my short of Tesla and I am taking off one third of the position.

Position: Short TSLA (S)

BY Doug Kass · Oct 21, 2026, 5:58 PM EDT

The shares are trading in the premarket under $370. Though I have more than a +$24/share gain I am sticking with the balance of my short position.

More later.

Position: Short TSLA (S)

Oscillator Overbought as I Cover My SPY Short

The S&P Short Range Oscillator shifted back into an overbought state at 1.56% vs. -0.09%.

Note that with S&P futures -84 handles (6:01 AM) I have covered my medium-sized $SPY short at $764.96 for a quick and sizeable profit from yesterday afternoon and last night.

I plan to reshort on any rally.

From last night:

Double Down

I double downed on my SPY short at $772.97 after the close and upon closer analysis of the Tesla (TSLA) and Meta (META) releases.

Position: Short TSLA (S), SPY (M) 

BY Doug Kass · Oct 21, 2026, 6:25 PM EDT

Position: Short TSLA (S)

Double Down

I double downed on my $SPY short at $772.97 after the close and upon closer analysis of the Tesla ($TSLA) and Meta ($META) releases.

Position: Short TSLA (S), SPY (M) 

More on the Favorable Cannabis Decision

Position: None

Wednesday After-Market Trading

After the market closed I added to my $SPY short after more clearly analyzing over the $META and $TSLA releases.

As I mentioned (first time long time!) I took a TSLA short-term rental in the after-hours about $394. (I should have done the same with META!)

Position: Short SPY (S), TSLA (S)

Wednesday’s Closing Stock Market Stats

Closing Volume

– NYSE volume 11% below its one-month average; 

– NASDAQ volume 1% above its one-month average; 

– VIX index: down 3.64% to 16.68

Breadth

S&P 500 Sectors

% Movers

Heat Maps

Position: None