Got 30% return on calls in like an hour. Holding for the long term tho.
What strike and exp?
I got 50 for September, at the time i went in it was trading at $90 ish.
Nice, I just entered short term hoping for a gap up at open tomorrow
I put up a pretty spicy post about $FRC this morning. Got in just above the floor and have returned a little over 50% since. Might just pull my initial investment out later today and let the rest ride. First Republic is so far from being in any real trouble I wanted to buy calls but fidelity F’ed up my options account last week and I’m still sorting that out with them. Hurting my gainzzzz
I bought some calls at 25 strike before trading was halted.
I would have cashed out. A win is a win
take profit
Likely because of the recent news by the government to step in and save svb. There is also rumor/speculation that fed may not hike the rate in their meeting later this month.