Regional Bank Trade
Due to the massive market dislocation in the banking sector due to the failure of Silicon Valley Bank, I have decided to execute a rare short term option trade.
I have entered into a very short term call option purchase on FRC 0.00%↑ First Republic Bank today.
Strike Price: $80/share
Expiration: Friday, March 17th, 2023
Bought contracts at $1.25/share and sold half…