SBNY Signature Bank next to Collapse?

If you haven`t bought those 5X puts:

Then you should know that Signature Bank's stock experienced its worst day on record following the collapse of SIVB Silicon Valley Bank and SI Silvergate.
Due to high volatility, trading was suspended earlier in Friday's session, and the stock has continued to decline for five consecutive sessions.
This downturn was triggered by the closure of Silvergate, the second major bank serving digital assets companies, as well as the regulatory shutdown of Silicon Valley Bank, the 18th largest bank in the United States.
It has been reported that Signature Bank had exposure to FTX.

I am still bearish on the company and i believe it will reach the $34 - $63 area soon!

Looking forward to read your opinion about it!


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