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…