Credit Suisse strikes me as barely surviving despite today’s rally, would it be optimal to go long or short or simply not touch it at all?


My recent set of 1.50P 03/24/23 got burned thanks to the Swiss National Bank. Is CS bottoming out or is this the start of a very slow stagnating decline until they “restructure”. Especially with the SEC investigation, and its exposure to Archageos and Adani.

It seems almost paradoxical to go long on a company that requires tax payer injections but short-term puts seem risky to.

What are your opinions?


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *