TSLA, Dark Pools, and the Closing Cross (12.16.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 17 December 2020
⏱️ 19 minutes
🧾️ Download transcript
Summary
What are dark pools? What is the closing cross trade? How do these impact Tesla stock (TSLA) and the upcoming inclusion in the S&P 500 index?
➤ Rob Maurer breaks down the mysterious world of dark pool trading and how it might relate to Tesla’s S&P 500 inclusion
➤ Analysis and explanation of the closing cross trade which is a mechanism that will likely be used to acquire TSLA stock by index funds attempting to track the S&P 500
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Plaid producer Who Why
Plaid producer Ice Lakes Investments
Ludicrous producer Fred Hassen
Executive producer Rish Singh
Executive producer Jeremy Cooke
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre/Maria Kent
Executive producer Jeff Sheets
Executive producer Jessie Chimni
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives
Transcript
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| 0:00.0 | Hey everybody Rob Maower here and today as I mentioned yesterday we are going to be taking a look at the dynamics of the S&P 500 inclusion |
| 0:14.5 | process for Tesla. A lot of questions out there about how this might go down over the next |
| 0:18.7 | couple of days. I've seen questions on dark pools. There's been a lot of |
| 0:21.7 | discussion on Twitter and elsewhere about the closing |
| 0:24.4 | cross which occurs at the end of each trading day. So we're going to mainly focus on those two topics today and the impact |
| 0:29.8 | they might have more |
| 0:35.0 | less interest in the next coming days. So just as a preface to this entire conversation, I am more of an investor, that's sort of my |
| 0:35.8 | mindset, my background. |
| 0:37.2 | I generally have less interest in sort of the technical details that we're |
| 0:40.3 | going to be talking about today about how trades are |
| 0:42.0 | executed, and personally I don't have any particular experience or that we're going to be talking about today about how trades are executed. |
| 0:43.0 | And personally, I don't have any particular experience or education on these subjects. |
| 0:47.1 | This is just me trying to research as best I can and share the result of that research to try to be |
| 0:52.2 | helpful. |
| 0:52.6 | So nothing here as always is investment advice. |
| 0:55.1 | And when approaching things like this |
| 0:56.4 | with a limited background, it's always very important to be aware of the fact |
| 0:59.7 | that there might be things out there that we just don't fully understand |
| 1:02.1 | or are not aware of. |
| 1:04.0 | That being said, we can all still do our best to learn those things. |
| 1:07.2 | So before we get into those topics, quick look at the stock. |
| 1:09.4 | Tesla on the day finished down about 1.7% to $622.77 and that compared to the NASDAQ up half a percent. Looking at volume again today, relatively low volume, 41.3 million shares traded, that is lower than the 50.1 million share average since |
... |
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