FITB Fifth Third Bancorp Options Ahead of EarningsAnalyzing the options chain and the chart patterns of FITB Fifth Third Bancorp prior to the earnings report this week,
I would consider purchasing the 30usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $2.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
FITB
5th-3rd Cycle Wave AnalysisAlmost bought this stock in 2009 for 1.05, but I was unemployed at the time and chickened out. Regional banks like this are where you want to keep your money, because the big Investment banks will get wiped out when their derivatives implode. Most people don’t realize that since Dodd-Frank, the banks can turn your deposits into capital in the event of insolvency, and FDIC isn’t anywhere near sufficiently funded for a real banking crisis…