Going For The Gaps
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)
BURL:
(Click on image to enlarge)
SIVB
(Click on image to enlarge)
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