It turns out I was correct in my previous post regarding trading the banking sector collapse. See my original post and trading hypothesis here: https://www.reddit.com/r/MerlinFinanceLLC/comments/11nyffj/how_to_play_the_banking_sector_collapse/ tl;dr –> Friday's bank closures foreshadowed Monday 🧙
Here's the profit breakdown on the referenced trades…
$CMA 03/17/2023 57.50 P –> + 758.67%
$FITB 03/17/2023 29.00 P –> + 614.75%
$HOOD 03/17/2023 8.50 P –> – 5.17%
$SPG 03/17/2023 110.00 P –> + 62.78%
$XLF 03/17/2023 32.50 P –> + 118.57%
$KRE 03/17/2023 49.00 P –> + 267.66%
$VNQ 03/17/2023 80.00 P –> + 8.86%
Not a bad day ;]
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