Trade of the Week: PACW | Investors Alley

Trade of the Week: PACW

May 9, 2023 4:59 am by Jay Soloff

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The regional banking failures continue, with First Republic getting gobbled up by JP Morgan Chase (JPM) and now PacWest (PACW) searching for strategic options. That means the company is looking for ways out of the current situation and will likely result in a merger or acquisition with a bigger bank. At least one trader may have seen the potential fall coming by purchasing “failure” puts in June in PACW options.

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