Morning Trade: Sell Tesla (TSLA) Bear Call Spread

<p>Tesla (TSLA) options trade: Sell a July $745/$750 bear call spread at a net credit of $1.00. Tesla will continue to grind sideways with no real catalyst in the horizon, says Tim Biggam of Delta Derivatives. This trade expires before earnings. He sees demand slipping with more competition and sees $725 as major resistance on Tesla's chart.</p><p><br></p>