Here are a couple of less well-known banks that are looking extremely toppy.
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Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Fit To Be Tied
I entered a new position today: Fifth Third Bancorp $34 puts expiring February 16 2024 (a lusty 210 days remaining). This is costing me virtually zero premium, and it’s a gorgeous-looking top.
The Book of Mark
My best-performing position is my META January $350 puts, which are up 26.3% and have 182 days left to fall. They report earnings after the close on Wednesday. Mark, I’m banking on you!
Switching Banks
I grew impatient enough with Bank of America (BAC) that I threw it overboard, even though I think it still has the potential for a meaningful reversal. In its stead I have acquired January 2024 puts on AMZN at a strike of $150 at a price of $19.90. They’re up 7.61% so far, in just an hour, so at least it’s a good start.
Threading the Needle
It seems that META might have finally peaked and reversed, promulgated perhaps that the sputtering of their wildly-touted Threads “Twitter Killer” (yeah, umm, no).
