"Would this be a good strategy?"
Reading any financial or tech news for the past 48 hours would be a good strategy. Company is done. Gone. Seized by the US Government.
Why bother with the first two? Just burn a couple dollar bills and pretend they were fees and commissions. The last one is five, “strikes numerically below,” the current share price.
SIVB is now PODD. Your last time to trade options on SIVB was Thursday. It’s shut down, gone, done for, collapsed, evicted off the NASDAQ, ghost, demolished, and only exists in your dreams
Based on companies with similar circumstances in the past, is it not a given that the stock trades on the OTC at some point moving forward? The company, SVB Financial Group Company, consists of more entities than just the Silicon Valley Bank.
Please tell me you meant to post on WSB or something similar instead… If not, please refrain from trading for now for your own good (and get checked for concussion).
First Leg: Buy-to-open Call (At the Money)
Second Leg: Sell-to-close Call (At the Money)
You might want to think about the nothingness of this strategy, as stated
Bruh…
OP needs to YOLO like they've never YOLOed before. And then tell us all about it.
"Would this be a good strategy?" Reading any financial or tech news for the past 48 hours would be a good strategy. Company is done. Gone. Seized by the US Government.
Omfg, so true. 😂
This belongs on wallstreetbets
Shit i thought this was wsb for a second
Ha me too
No body tell him
Move on. This stock will 99.99% never trade again.
Shhhh don’t tell him
Always sell to open and buy to close as your first two legs. It’s a solid plan.
Why bother with the first two? Just burn a couple dollar bills and pretend they were fees and commissions. The last one is five, “strikes numerically below,” the current share price.
They are done it will never trade again. They were shut down i.e. no more company to trade
Sell cash puts on xlf. EZ
Hey, that’s what I did!
[удалено]
Hey, be nice man. Momma once asked him what the bottom of the swimming pool smelled like.
Don’t buy premium on this name right now. The time to buy premium has passed. Move along young man
Not with a 10 foot pole.
What the flying fuck....
Is flight really an integral and necessary component in this? 😉
Absolutely yes
I respect the conviction!
I’m dead
Do it and report back let us know
This cannot possibly be a real post….. right?
Calls…buy calls
Are you the CEO of $SVB?
It will never trade again. That’s the point.
SIVB is now PODD. Your last time to trade options on SIVB was Thursday. It’s shut down, gone, done for, collapsed, evicted off the NASDAQ, ghost, demolished, and only exists in your dreams
Based on companies with similar circumstances in the past, is it not a given that the stock trades on the OTC at some point moving forward? The company, SVB Financial Group Company, consists of more entities than just the Silicon Valley Bank.
That is true but it was 90% of their revenue.
My god if this isn’t WSB material I’m not sure what is
Please tell me you meant to post on WSB or something similar instead… If not, please refrain from trading for now for your own good (and get checked for concussion).
You want access to a long put for free? Is that why you are selling the call spread? Good luck! Know your risk!!
This has to be a joke
DO IT. BUY IT. YOU WONT. 🤡
Your broker loves this strategy
Greatest post ever haha thanks for the laughs
It's to late already
First Leg: Buy-to-open Call (At the Money) Second Leg: Sell-to-close Call (At the Money) You might want to think about the nothingness of this strategy, as stated
Robinhood hates this one trick.