First you have the FDIC come out and say no matter what we can whether a large US Bank failure - out of nowhere! Japan is stuck in a corner, can't sell bonds to defend its currency, and can't raise rates enough. Like every Central Bank they're stuck. So now a large US bank will be "allowed" to fail that will give Powell the excuse to cut rates - leading to a large...
Analyzing the options chain and the chart patterns of USB U.S. Bancorp prior to the earnings report this week,
I would consider purchasing the $42.5usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $4.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Analyzing the options chain and the chart patterns of USB U.S. Bancorp prior to the earnings report this week,
I would consider purchasing the 32.50 usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking...
We are now at #5 of the TOP10 biggest banks in the USA, this one seems pretty bad as well.
Let's start with the weekly chart and then we move to the monthly for the bigger picture:
✔️ This week USB had the worst week since Feb. 2020, Covid days.
✔️ A major support level failed in the form of 0.618 Fib. which can lead to lower prices.
✔️ We have a bearish cross...
