MGM RESORT. What are price gaps?

30 באפר׳ 2020

This is another example of a price gap being closed by future price. I believe MGM will go back to under 10$. Does that mean you should sell everything. Absolutely not. Keep some in the trade, possibly take some out and wait for it to go lower. Or if you have more money don’t be afraid if it goes back to under 10$. But personally I’d cash some out of the trade and see how it goes. Hotels aren’t gonna reopen full business over night and many flights are still grounded. Cheers.