/biz/ - Business & Finance

>>54321019
Feds are in talks about giving them MORE relief, even after the 30 billion aid provided. Unfortunately it's being taken as an "if" they do situation, not a "will".
>watchdogs see First Republic as stable enough to operate without any immediate intervention as the company and its advisers try to work out a deal to shore up its balance sheet
Stable enough now but the biggest question is for how long, days, weeks, months? Maybe they strike a deal with the big three and survive.

For anyone that wants to tug the sleeping dragons tail and make really good but fucking risky as hell money, sell some CSPs and pray to God that this survives. The IV is the highest I've ever seen and you can make thousands at selling puts at half the strike price. The biggest thing is if they go solvent, which doesn't seem like it's going to happen (in an immediate sense) because if the Feds really didn't care they wouldn't have capitulated with the interest rates on Tuesday.

I won't lie, I've got a large portion of my portfolio riding that this won't go under $5 come Thursday this week, but fuck me does this stock have my balls up to my throat in stress.