Dream Weaver
:
thanks for info. what happens if i am holding a position, say call/put options or short when the banks are shut? will i still be in good shape? or will my position be frozen? i understand there is script borrowing fee for shorting (CFD) will this stop too?
Zequalizer
Dream Weaver
:
When the bank is shut down the equity is a zero. The securities won’t trade while under FDIC receivership, but when they do the stock goes to 0 and you can close out the position. It will take some time to settle, could be months. Keep records of your trade details and save trade confirmations.
Dream Weaver
:
thanks. May be its not worth the while to take the risk on such stocks, as not likely when its shut we'll still be earning interest til stocks "re-opened" when the authorities r done with bankruptcy settlement.
Kadenluvvvv : Awesome info. Thank you
Dream Weaver : thanks for info. what happens if i am holding a position, say call/put options or short when the banks are shut? will i still be in good shape? or will my position be frozen? i understand there is script borrowing fee for shorting (CFD) will this stop too?
Dannyboy12 : Very thought research and comments Thank you
FearGreed : Informative lists!
Zequalizer Dream Weaver : When the bank is shut down the equity is a zero. The securities won’t trade while under FDIC receivership, but when they do the stock goes to 0 and you can close out the position. It will take some time to settle, could be months. Keep records of your trade details and save trade confirmations.
Dream Weaver : thanks. May be its not worth the while to take the risk on such stocks, as not likely when its shut we'll still be earning interest til stocks "re-opened" when the authorities r done with bankruptcy settlement.
TheOtherGuy2022 Dream Weaver : that's a good question
In One Chart OP Dannyboy12 : Thank you for the compliments! It means a lot to us.
yianreyde : Thank you excelente
Matomic : thank you for a great article