https://preview.redd.it/yndkjuei05ra1.jpg?width=1290&format=pjpg&auto=webp&v=enabled&s=beb0b3d2cca2e6b609aaae6fd1a283b6744f3c31

Assumption is a lot of funds didn’t want to show FRC on their books at the end of Q1. That means their selling is finished at the end of today’s after hours session.

Someone absorbed a metric fuck ton of FRC in the last four weeks. It’s time to mark it up. FRC down 89% in Q1.

Holiday shortened week next week. Options expire on Thursday.

Hoping for no negative headlines over the weekend (a real risk with regional banks right now). Maybe we even get a positive headline.

Big short interest has built up on FRC so all it needs is a proper spark.

344 contracts at an avg. of $0.84. April 6th Calls, 15 strike

Risking $28,896

This is a very risky trade and I do not recommend tailing it, unless you have also been diagnosed with autism. - in which case, welcome friend!

** Edit 4/3 - Took the loss on these at the open at 0.65 and 0.6

Comments

SuperBearPut t1_jegiqyn wrote on March 31, 2023 at 9:11 PM

I will buy one share first thing Monday to ensure your calls stay OTM.

_102_ t1_jeggqw2 wrote on March 31, 2023 at 8:57 PM

I had also bought in via shares, i will pray for your position to 1000x by Monday open.

Maybe_Awesome22 t1_jegg5pz wrote on March 31, 2023 at 8:53 PM

RIP...I mean good luck!

HelloItsMeXeno t1_jegmjed wrote on March 31, 2023 at 9:37 PM

Probably open 5$ Monday

VisualMod t1_jegfmcm wrote on March 31, 2023 at 8:50 PM

>https://preview.redd.it/qr3a6fpj05ra1.jpg?width=960&format=pjpg&auto=webp&v=enabled&s=daad54957b3ea8f6447cc526d73cd09be0817c9e

I don't recommend it because I'm not making any money off of it, you fucking idiot.

Mythiic719 t1_jegknci wrote on March 31, 2023 at 9:24 PM

Ouch, rude

freeeraine88 t1_jegiy98 wrote on March 31, 2023 at 9:12 PM

If you can get out of this. You should

Snoo-62999 t1_jegjkd1 wrote on March 31, 2023 at 9:17 PM

Is there an article saying Buffett’s position in FRC?

dustytrashfence OP t1_jegjmn0 wrote on March 31, 2023 at 9:17 PM

Nope. Hoping one appears on Sunday 😳

Snoo-62999 t1_jegjqf6 wrote on March 31, 2023 at 9:18 PM

Emmmm

idlefordays t1_jegl1zp wrote on March 31, 2023 at 9:27 PM

Incoming solid loss porn

[deleted] t1_jegnsmu wrote on March 31, 2023 at 9:46 PM

What brokerage app is that?

dustytrashfence OP t1_jegtbdb wrote on March 31, 2023 at 10:26 PM

TD Ameritrade Think or Swim

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defbrett t1_jegqhmt wrote on March 31, 2023 at 10:05 PM

RemindMe! 2 Days

RemindMeBot t1_jegqk6m wrote on March 31, 2023 at 10:06 PM

I will be messaging you in 2 days on 2023-04-02 22:05:40 UTC to remind you of this link

6 OTHERS CLICKED THIS LINK to send a PM to also be reminded and to reduce spam.

^(Parent commenter can ) ^(delete this message to hide from others.)

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Zeepenguinman t1_jegsdgy wrote on March 31, 2023 at 10:19 PM

RemindMe! 4 Days

B3stAuD1t0rofA11tiME t1_jeghvha wrote on March 31, 2023 at 9:05 PM

You sold your puts today and then bought calls on this shit? So you took my advice yesterday and now do the opposite again.

YOLO: May Lord Buffett announce a position in $FRC this weekend. $29k on next weeks 15 calls