S&p Gap Profile

Quote from samuelg:

if there was a sudden panic overnight. How much would the indexes gap down into the open?

No way to tell for certain, but here's some statistics on overnight gaps. Fortunately, they are not that bad compared to intraday losses; meaning there is hope that you'll be able to cut losses before it gets too bad. By the way -- the positive gap tails are more extreme, historically.

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