There are riskier ways to play the sector too, if you truly must. $DPST is a 3x leveraged bull regional bank ETF, for one example.

It is better to play the sector ETFs.

$FRC could fail, but the sector would likely live on.

Don't pick the bank, play the sector ETFs.

They are more boring, but there is plenty of profit to be had long-term unless the whole sector is doomed to zero.

If you really do have to scratch the itch, there are 3x bull sector ETFs like $DPST (be very careful).

Smart

I am shocked SI is not collapsed, to be honest.

Like I said elsewhere in the thread, and what is reflected in my portfolios, a specific bank is not the best way to play a recovery.

Buy bull put spreads, shares and CCs, or leaps in a sector ETF like KRE.

If you really must have more risk, then pick a levered-up sector ETF like $DPST.

That said. $FRC is not the smartest way to play this.

If you really do want to play a recovery, buy one of the sector ETFs instead. That way, a bank could still fail, but the sector would survive.

Disclaimer: I am deep in June 2025 $KRE leaps at $35 strike.

If FRC was going to implode, it most likely would have gone into receivership 10ish days ago.

Obviously. We don't know for sure until the 13Fs fly.

We can infer, however. There has been one large institution that has reportedly divested.Swedish pension fund Alecta. They sold for a $728mil loss. Nobody has followed them, from what I can see. Too bad they didn't hold out for a week.

A few other data points:

• $FRC institutional ownership is still 97%+
• The $FRC implied volatility and option premium has really dropped over the last week, indicating that nerves are calming. Trust me, I will miss this, as I was making bank selling cash-secured puts.