SIVB
SVB Financial Group
stock NASDAQ

And just like that, they burnt all those puts that piled in in the last couple of weeks after SIVB failed.

It's not the holding company. Shares of SIVB started trading as SIVBQ this week.

Done nothing but amass shares in regionals since SIVB went under, sitting pretty right now.

Thoughts on buying SIVB at $0.44?

Update:
Took about an hour on the phone today with the Chase "Complex Trading Team."
They said their system doesn't allow for trading pink sheet stock at all, so they aren't prepared well for scenarios where you own shares (or are short shares) of a stock that has been delisted, which is why it wasn't allowing me to put through the trade.
Eventually was able to cover, put in a market order and went through at $.41/share. It doesn't cost anything to do so over the phone if you are a "JP Morgan Private Client."
Net/net:
I bought 6 puts at a $125 strike (PUT SIVB 03/17/23 125) for $28 ea. When the stock was delisted I did a cashless exercise. Ended up shorting 600 shares of SVB at $125/share, covered at $.41/share.
Turned $16.7k to $75k. $58.3k profit.

Got assigned on the SIVB puts I sold. Say hello to your new favorite owner of 500 SIVBQ shares. Only cost me 38 thousand dollars lmaoo

Passed by a First Citizens Bank and judging by the dirty/faded facade I have no idea how this Ollie's-Bargain-Outlet bank purchased SIVB 

No I exercised, so now I’m short SIVB

i agree to an extent. Im sure a majority of the companies are smarter by now, they’ve know how to manage their companies and have learned from 2008 and other recessions. The cracks scare people and the markets, but the ones that are cracking this early have a history of terrible management like CS and DB. those two are dogshit lmao.
Apparently the bank run on SIVB was because of peter thiel. and he had a short or something. i didn’t read too deep into it, too much tinfoil. I read up on SIVB’s financials, they actually had a healthy balance sheet. thats why first republic went up so much, because they got such a good steal, like 20% off. It’s mainly because of those trump era bank deregulations. Allowed for more leverage and they got caught with their pants down.
With all the tech and innovation, i think the problem comes down to them being new, most of them haven’t been around since the last decade. they may not have the experience or other stuff required to weather a recession. however it does make a generational buying opportunity, the ones that survive this can be in the next top 10 and eventually dethrone some current big tech.
probably the most important time right now to get gud at fundamentals

I bought ours then had to exercise them because $SIVB stopped trading when the feds took it over

"Silicon Valley Bank's (SIVB) stunning collapse has brought a new element to the conversation about what role management, regulators, and investors may have played in the bank's ultimate failure — the role of social media."

> That means, SIVB and SBNY will probably move to OTC and trade for pennies.
Spot on!

Well, SIVB went to the Pinks today... which allowed me to sell my $140 Apr 21 Put...
For FULL value.
Too bad I only had one.

In a very isolated sense you are correct, until you aren't.
First off, once you hand them your money, they can do whatever they want with it. Feel free to read your ToS. Unless they meet very specific definitions of a fiduciary they are not in any way obligated to do with your money what you want them to do with your money. If you are trading on an app, or you are trading with a broker, then you are not dealing with a fiduciary.
Second, and I think this is important here, SIVB went out and bought the treasuries. Because they bought treasuries, they didn't have the assets on hand that they said they did. Those treasuries are basically hot garbage now for two different reasons: they aren't cash so if you have too many of them then you risk liquidity issues; and they become less valuable as the Fed raises interest rates.
If you're upset that the banks/brokers are pulling shenanigans... congrats you just caught up with the sub in June of 2021. But the language of your post suggests choosing a radioactive waste fire over a dumpster fire, which is just specifically ill informed when there are non-burning options available.

I ll keep my eyes on your battle. Keep me posted. Well broker suddenly started ‘fixing’ SIVB page, changes are coming. I guess tomorrow open I can close.

You may want to check out what happened to SBNY and SIVB today

It trades "over the counter". $SIVB is now trading as $SIVBQ to designatesvitvis Banko.
Trades just like any other sticker. Fees may be different.

I watched a good chunk of testimony.
at one point they advised that 25c of every dollar was withdrawn in 48h from SIVB.
one of the points/questions was if ANY bank could survive that...

Wow, $0.11 for Signature (SBNY) and $0.30 for Silicon Valley (SIVBQ). I still remember posts where someone sold $125 puts on SIVB!

SIVB and SBNY trading. Is it a regarded idea to buy in at a 99.9% discount