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PussyBreath007 OP t1_je7oahw wrote

Reply to comment by robbinhood69 in $FRC - Puzzle Pieces by PussyBreath007

That’s not very kind. I’ll try to get more current info on tutes ownership %

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robbinhood69 t1_je7pijk wrote

This whole thread is walking people into a trap, which is not very kind since the DD lacks any semblance of even basic knowledge of reference materials

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thus t1_je85zd8 wrote

If FRC was going to implode, it most likely would have gone into receivership 10ish days ago.

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robbinhood69 t1_je8gcj4 wrote

Silvergate is basically humping along outside of receivorship but its prolly gonna bleed forever, this is a moronic play

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thus t1_je8i4gn wrote

Like I said elsewhere in the thread, and what is reflected in my portfolios, a specific bank is not the best way to play a recovery.

Buy bull put spreads, shares and CCs, or leaps in a sector ETF like KRE.

If you really must have more risk, then pick a levered-up sector ETF like $DPST.

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thus t1_je8i65k wrote

I am shocked SI is not collapsed, to be honest.

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irongi8nt t1_je8hwuo wrote

All y'all bears say the same thing every week "by Friday they will be in receivership" it's getting old...

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robbinhood69 t1_je8i701 wrote

!remindme one year

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irongi8nt t1_je8ko6r wrote

You have $1 puts out to next year, I hope your not also shorting :P

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robbinhood69 t1_je8okdg wrote

Im not touching this coz vols r blown out coz its priced in that this shit is going down

It’s like amc

It’ll hump along but theres no salvation here, only down

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thus t1_je869rs wrote

That said. $FRC is not the smartest way to play this.

If you really do want to play a recovery, buy one of the sector ETFs instead. That way, a bank could still fail, but the sector would survive.

Disclaimer: I am deep in June 2025 $KRE leaps at $35 strike.

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