Going For The Gaps

Managing Partner at Tim Knight Organization • Apr 19, 2022 at 10:12 AM EDT

My enthusiasm for this market remains tepid, but the trio of charts below is worth sharing.

My enthusiasm for this market remains tepid, but the trio of charts below is worth sharing. I purchased puts on ANF (August $40) and BURL (September $250) just now, taking advantage of the gap closure. I was thinking of puts on SIVB, but the spreads are too horrible, even for me.

ANF:

(Click on image to enlarge)