the big banks are unironically fine

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yes some took some losses on the same bullshit that SVB was doing - buying long term bonds bc they were greedy and the returns were better than short term bonds

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but the big boys like BAC arent as regarded as SVB. They took some losses, but not catastrophic.

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the deposit runs will probably actually help them. BC where are you taking that money? under your mattress?

no what you likely are doing is going and buying a CD at 5% or putting it in some 3.5% - 4% savings account at a big bank

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overall the banking system is basically fine.

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this guys got some great videos on it, as always -

https://www.youtube.com/@PBoyle/videos

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Personally i bought BAC at around 26.5.

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I mean look at this BAC chart, this shit goes back all the way to 2008. just a fucking escalator up and trading within that range for 15 years. If you arent buying it here, at the bottom of that range, personally I think you're a moron populist who just wants to see the banks fail bc that plays into your doomer philosophy. And you're dumb doomer shit is costing you opportunity. but thats just my take.

https://preview.redd.it/pmqc680g55ra1.png?width=1463&format=png&auto=webp&v=enabled&s=8b504d819ef455e23f3300f6e52691280b6aad57

this sub has a no politics allowed rule, cuck

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take your political fever dreams to r/politics

yeah bold predictions are a lot more fun

i wouldnt make any big bets off those predictions if thats your methodology. like i wouldnt 0dte tuesday puts. you could play the overall trend.

i think the overall thesis is fine, the long term downtrend will probably continue, there will be a sell off, possibly even to a new low

i just don't know how you're getting your time frames and i wouldn't trust any time frame that's so specific. we will peak on a Tuesday is way too specific of a call out to make.

how bout "this will peak somewhere around 4000-4100 and there will be a sell off to 3700-3400 range.

its not as exciting but probably will map on closer to the truth than "we will peak on Tuesday" since all that needs to happen for you to be wrong is us to peak on Monday or Wednesday.

if you believe that you should cash out before the 29th since Jpow is speaking on the 30th.

how can you price in a decision that has yet to happen? You don't know which way the fed will go, how can you price that in?

you cant even spell research

oh shit you already know how this week is going to go? How is next week going to go? Please nostradumbass tell us so we can become rich.

Even if I granted you this, which is sort of silly since this is a subreddit post and not an AML compliance review, it sounds like everything was fine. Sounds like they are releasing his money after hours on the phone with customer service.

I once deposited 100 dollars into a sports book because I saw odds online and I wanted to make a bet. When I got to the sportsbook the odds had changed. I withdrew my 100 dollars and they put it on a hold for similiar issue - to prevent money laundering. I told them what happened, sent my ID, then eventually released my funds.

Did I launder money there? No, clearly not, though the burden of proof to the casino may have fallen on me I did not in fact launder money.

And very likely OP didn't launder money either. He deposited money, found out he couldn't trade options, withdrew the money. This isn't money laundering and you have no evidence it is. You just suspect it is.

uh huh sure.

goodluck with that

OP is dumb but theres no part of this story that allows you to know for sure the money was dirty when it was deposited. All we know it was a cashiers check.

He committed fraud on the paper work, thats known. But we don't KNOW that he laundered dirty money. You just suspect it.

Settle down sherlock holmes

I mean unless you stick your head in the sand you should be aware of the other sufferings as well. Your clothes are mostly made by what are essentially slaves, sweat shop workers. The glass in your iphone that you probably posted this from is literally made by slaves - Uighyrs in china being forced to work in camps. Alot of the food you eat, like chocolate for example, is produced in 3rd world countries with no labor laws and child / slave labor.

The reason we dont stop buying clothes or iphones or chocolate is because we tend to recognize, whether consciously or not, that these issues are beyond our ability to change them. They are systemic and require systemic changes to fix.

The same can be said of capital markets. You can argue they are unfair, they cause harm, blah blah blah. (i would argue we've never found a better alternative to free markets) But this is a systemic issue. Me not buying a call on a stock is not having any change in the systemic capital system, the same way me not buying a shirt from nike doesnt stop them from making shirts with slaves.

If you're going to take this hard down the line personal responsibility for suffering take then you are going to live a pretty meager life, or else everything you buy is going to be far more expensive. I doubt you do this, you just wave away these systemic problems as not your personal problem and keep buying their shit. So i dont see why i cant do the same with options.

Just because its your personal pet project that youve choosen to care about doesnt mean i have to suddenly jump on board with it. When you stop using a smart phone and wearing modern clothing I'll consider it. (thats a lie i still wont care)