Credit Suisse plunge sends traders flocking to its U.S-listed options

  • 📰 Reuters
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Traders piled into U.S.-listed options on Credit Suisse at a record pace on Wednesday, as worries over the future of the embattled Swiss bank hammered its shares and added to concerns about instability in the financial sector.

"There is so much activity going on that it would be hard to pick out one trend ... but there is more put buying than anything else," said Chris Murphy, co-head of derivatives strategy at Susquehanna International Group.

Still, market participants said massive volume and various cross-currents made it difficult to get a read on which way the bulk of investors were betting. "There's a lot of moving parts in the Credit Suisse trade right now with respect to a major credit event, European bank contagion, and the possibility of ECB intervention," said Steven Place, an independent options trader in Destin, Florida.

"That means you're going to see multiple kinds of bets in play," he said, noting that some traders may be trying to take advantage of the heightened volatility while others might even be looking to place bets on a quick rebound in the bank's battered shares.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Magnetic mode, only the opposite attracts, while the same trash them selfs.

Let’s go Brandon FJB

That's a big one, far away!

No more money from the Saudi Bank, bad situation. There 2 banks are done in the Staates, big one. The world of economy is under pressure..

Típico: al caído, caerle

How much of a roll could Russia be playing with these bank stocks both foreign and domestic(US)

Going, going ... g?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Credit Suisse says outflows have stabilized but not reversedCredit Suisse said customer 'outflows stabilized to much lower levels but had not yet reversed as of the date of this report' in its 2022 annual report published on Tuesday. This means it hasn’t This bank is done. Market should insta exit this AM. Not just the banking sector.
Source: Reuters - 🏆 2. / 97 Read more »

Credit Suisse finds 'material weaknesses' in financial reporting, says outflows 'not yet reversed'Credit Suisse said its net asset outflows had 'not yet reversed,' and that 'material weaknesses' were identified in its financial reporting processes. So I don't understand what happened? I've been pointing out the issues at Credit Suisse for years. Can someone explain the 1yr downtrending of $cs? I don't get it
Source: CNBC - 🏆 12. / 72 Read more »

Credit Suisse publishes delayed annual report in which it admits to financial control weaknessesCredit Suisse on Tuesday published its delayed annual report -- which describes material weaknesses in its financial controls -- as it also announced it... They are 100x worse than Signature Bank..Watch the bank run today
Source: MarketWatch - 🏆 3. / 97 Read more »

Credit Suisse executive board will not receive a bonus for 2022Credit Suisse group's executive board took home 32.2 million Swiss francs ($35.27 million) in fixed compensation while collectively forgoing a bonus for the first time in more than 15 years, the Swiss bank said in its annual report published on Tuesday. They already cashed out. You'll here about it in a couple of days RNA story, covid, BIO. But wait SVB did
Source: Reuters - 🏆 2. / 97 Read more »

Credit Suisse flags 'material weaknesses' in financial reportingCredit Suisse released its delayed annual report on Tuesday in which it identified 'material weaknesses' in its internal controls over financial reporting and said it had not yet stemmed customer outflows. It seems everyone was looking forward to hearing an insolvency of any bank. It is necessary to block more Russian assets, and it will help immediately! Trying to provoke a run on a bank.
Source: Reuters - 🏆 2. / 97 Read more »

Credit Suisse Finds ‘Material Weaknesses’ In Its Financial Reporting ProcessThe bank said its financial reports for 2021 and 2022 were not affected by the problem. They are a joke ... and they are the ones rating everyone. They should be at 0 too. Really Interesting. No — not really. This are the same people famous for being detailed oriented. This is a smoke screen for their continued mismanagement. Nothing more. wolsned Bond market is crumbling according to Robert Kiyosaki and then the Dollar will be just paper👍 invest your money into precious metals before it’s too late
Source: Forbes - 🏆 394. / 53 Read more »