TradingView
AwesomeAvani
Mar 14, 2023 11:37 PM

KRE Regional Banking Sector ETF ( Buy the Dip) Long

SPDR S&P Regional Banking ETFArca

Description

Buy the panic in the banking sector then sit wait watch and profit.

See also by KBE idea

Trade active

Call option contracts are up 16% ( DTE mid June )

Trade active

KRE got a nice pop today along with banks in general. The thesis that the fed will continue to step in and rescue the banks much like F/GM in 2008 and airlines in 2020 will continue to play out here.

Trade active

Trade active

KRE having a good week while DC contemplates the debt ceiling. holding call options DTE 6/16

Trade active

KRE continues on its trend rising from the dip

Trade active

The ETF price is up 20% in the month since uploading the idea -my call options 146% which I think is a very decent return. I am expecting further upside and federal support of the banking system ongoing, $$$$$

Trade active

Sideways price action. Add to the position.

Trade active

nice pop today- sold some of the knives . polishing up the rest for an even better sales price. call options positions added yesterday are up 25% overnight !
Comments
get2raags
can we sell here at $42.15 ?
AwesomeAvani
@get2raags, You can certainly sell when you wish to. I am targetting the February high and so have a long way to go and am in no hurry.
AwesomeAvani
@get2raags, see also the chart of DPST which went parabolic. I m buying it and not selling KRE. see below as well.
get2raags
@AwesomeAvani, Thanks !
get2raags
Waiting for 0.5 fib to sell long and buy short
Patl66
Ouch that didn’t age well! 😂. Buy the falling knives? Buy the deep recession? Buy the collapse? Finally, Buy the CBDCs?
AwesomeAvani
@Patl66, my idea is that the government will prop up the banks just like it did with Ford and GM back in 2008, just like it did with the airlines during Covid, sure some banks will fail, others will buy up the scraps. I have done well on the pivots on FRC
AwesomeAvani
@Patl66, the knives have already fallen. They are ready to be picked up !
dominicharlan65545
Yep your exactly right I don’t understand people with these short term outlooks they need to find a different industry because investing is not for them what’s going to happen is the government is going to be forced to step in and back stop the banks because they raised rates so quickly and it’s going to cause a massive short squeeze
More