SVB Financial Group (SIVBQ)

[WebSlinger]

The put options is what made me wonder. I had thought about buying puts on the stock, but never did. And now I am wondering what would have happened.

Shareholders will get some form of compensation when the company is bought out (albeit probably pennies on the dollar). I wonder if options holders will get anything?

[sportd]

Probably worthless, sucks for everyone who had puts and would have made a killing but never opened.

[bar1080]

Bad. Really Bad!... "More than 85% of Silicon Valley's Bank's Deposits Were Not Insured. Here's What That Means for Customers"

"But more than 85% of the bank’s deposits were uninsured, according to estimates in a recent regulatory filing. That’s because FDIC deposit insurance is meant for everyday bank customers and maxes out at $250,000. Many Silicon Valley startups had millions, or even hundreds of millions of dollars deposited at the bank—money they used to run their companies and pay employees. Right now, nobody’s sure how much of that cash is left."

https://news.yahoo.com/more-85-silicon-valleys-banks-233807890.html

[TheFinalCD]

SVB’s 44-Hour Collapse Was Rooted in Treasury Bets During Pandemic
https://www.bloomberg.com/news/articles/2023-03-10/svb-spectacularly-fails-after-unthinkable-heresy-becomes-reality?leadSource=uverify%20wall

[TheFinalCD]

ugh~! sorry to hear that, any updates on whats going on with the stock

FDIC insurance only covers deposits not stock

[jammy32]

Maybe not

[price_and_volume]

Bigger list here. Could be interesting...

Potential shorts or puts

[lvhd]

I bought 300 shares in PM, and it was halted after 5 min. Bad luck

[price_and_volume]

I think we could see some collateral damage here:

I'm guessing $puts will be a crowded trade next week.

How many of these are in $ARKK's portfolios?

Just did a ChatGPT for “which companies bank with $SIVB “

Here are the public companies that it returned: $ABNB$COIN$DASH$DBX$PINS$HOOD$SQ$TSLA$UBER

And $ROKU said they have 25% cash on hand here. pic.twitter.com/iMe8ebYAbE

— Investing Without Pain (@NoPainInvesting) March 11, 2023

[TheFinalCD]

yes I made 3-4 trades all green

but small trades nothing big the most shares I had at one time were 320

and those I sold at avg 106.60ish


then played the 76 then lower then lower, then it felt off so I bailed my last trade with green peanuts

but dodged a bullet before the HALT, and that is a big WIN to me

Thanks for asking

[Agoura Guy]

DON'T WORRY... ITS ONLY MONEY!!!!!!! THE SUN WILL RISE TOMORROW!!!!!!!

[Carjockey2]

Try the OTC!!!!! Thank me later, Elon. https://t.co/mI6jXifcr6

— Carjockey2 (@cocomoco1234567) March 11, 2023

[price_and_volume]

$SIVB CEO one week ago:

“We pride ourselves on being the best financial partner in the most challenging times,” SVB Financial Group’s chief executive officer told the Upfront Summit on March 1, a day before his firm was up for Bank of the Year honors at a London gala.

https://www.bloomberg.com/news/articles/2023-03-10/svb-spectacularly-fails-after-unthinkable-heresy-becomes-reality

And SHORTS been slowly building for the past year:

https://www.nasdaq.com/market-activity/stocks/sivb/short-interest

[Carjockey2]

Shit storm coming..

Lol @

This is my favorite so far.
Switching my bank to Starbucks https://t.co/iyV4NbqAa7

— Erika (@thetraderbabe) March 10, 2023

[UpTickMeA$AP]

From ROKU 8k

Roku, Inc. (the “Company”) is aware that Silicon Valley Bank (“SVB”) was closed today by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (“FDIC”) as receiver. According to the FDIC, all insured depositors of SVB will have full access to their insured deposits no later than Monday morning, March 13, 2023. The FDIC will pay uninsured depositors an advance dividend within the next week. Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of SVB, future dividend payments may be made to uninsured depositors.

The Company has total cash and cash equivalents of approximately $1.9 billion as of March 10, 2023. Approximately $487 million is held at SVB, which represents approximately 26% of the Company’s cash and cash equivalents balance as of March 10, 2023. Approximately $1.4 billion of the Company’s cash and cash equivalents is distributed across multiple large financial institutions. The Company’s deposits with SVB are largely uninsured. At this time, the Company does not know to what extent the Company will be able to recover its cash on deposit at SVB.

Notwithstanding the closure of SVB, the Company continues to believe that its existing cash and cash equivalents balance and cash flow from operations will be sufficient to meet its working capital, capital expenditures, and material cash requirements from known contractual obligations for the next twelve months and beyond.

[crudeoil24]

Henry F. Potter CEO, , a villainous robber baron is watching SVB tank.

[WebSlinger]

Anyone know what happens to options on SIVB?

[UpTickMeA$AP]

How long before we hear the FDIC scrapes off the cream, and sells it to JPM for pennies on the dollar?

Highly liquid beasts are drooling.

[Hattori Hanzo]

LMAO

[Gitzstv]

THAT'S RIGHT FOLKS.. THE FINANCIAL COLLAPSE HAPPENS
FASTER THAN YOU CAN REACTS

BEST BE PREPARED AHEAD OF TIME AND NOT KEEP TOO MUCH CASH IN THE BANK.

[tedgoeseast]

Wow dodged a bullet today almost in put a bid in at 50.00 but didn't trust how fast it was tanking, instead bought another excellent investment,and watched this go to zero it will never trade again it has closed it's doors ,from 325.00 a share feb,16 to ZERO!!!

[Gitzstv]

I'M READY MY FRIEND. YOU MISSED 1 THING..
AMMO. IMAGINE ESCAPE FROM NEW YORK.

[Gitzstv]

JUST SO YOU KNOW FDIC ONLY HAS $1.20 FOR EVERY
100 DOLLARS IT INSURES. IT CANNOT KEEP INSURING IF MORE BANKS GO DOWN.

THAT MEANS IF ALL BANKS GO DOWN ONLY 1.2% OF US WILL ACTUALLY GET OUR MONEY.

I GUARANTEE YOU BIG FISH WILL HAVE DIBS

[Princess17]

This means anybody with over $250k will get shares in the bank they lost it all. Shares are toilet paper

[UpTickMeA$AP]

97% institutional

https://www.nasdaq.com/market-activity/stocks/sivb/institutional-holdings

Wham! Zonk! Whap!

[UpTickMeA$AP]

This shouldn't have the contagion effect like housing, but will most likely find a few more victims.

Who's next????? Gimme some candidates!!!

[UpTickMeA$AP]

The failure of
@SVB_Financial
could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash. If private capital can’t provide a solution, a highly dilutive gov’t preferred bailout should be considered.

To be clear, a bailout should be designed to protect
@SVB_Financial
depositors, not equity holders or management. We should not reward poor risk management or protect shareholders from risks they knowingly assumed.

The failure of @SVB_Financial could destroy an important long-term driver of the economy as VC-backed companies rely on SVB for loans and holding their operating cash. If private capital can’t provide a solution, a highly dilutive gov’t preferred bailout should be considered.

— Bill Ackman (@BillAckman) March 10, 2023

SIVB KIA

[UpTickMeA$AP]

Meep meep! Silicon valley, California!!

California........

California....

California..

[TheFinalCD]

SIVB FDIC NEWS https://www.fdic.gov/news/press-releases/2023/pr23016.html

[TheFinalCD]

-110% lol

PLEASE EXPLAIN

[dugie100]

Shutdown is much worse! Means may never trade again , commons are screwed . Depositors are lucky that they are FDIC insured!!

[Princess17]

I told ya’s it was halted

[dugie100]

Bank has been shutdown!

[stemcell]

I don't believe I've ever seen a ticker halted in pre-market trading

[magacrew2020]

not even worth a dollar.

[TheFinalCD]

***THE JIM CRAMER EFFECT***

[makinezmoney]

$SIVB: Watch Dimon, Ellison or Benioff make a TenderBid


Maybe down to about $2share.......... remember when Dimon bought Bear Stearns for $2.


Only over a decade ago


$TMNA is doing better than this company



GO $SIVB

[MADDSTACKER]

I put 10 grand in here yesterday, and I sold it before the end of the day thank God

[bcapps66]

A surge of shorts covering?

[AKATITUS]

Damm

[tortiello]

no halt, went - 110%

[davidsson10]

https://www.cnbc.com/2023/03/10/silicon-valley-bank-financial-in-talks-to-sell-itself-after-attempts-to-raise-capital-have-failed-sources-say.html

[Princess17]

Is it halted

[Invest-in-America]

SIVB: But, now down 62% MORE!!!

[davidsson10]

Silicon Valley Bank Financial in talks to sell itself after attempts to raise capital have failed, sources say.

SVB Financial, parent of Silicon Valley Bank, is in talks to sell itself, sources told CNBC’s David Faber.

Attempts by the bank to raise capital have failed, the sources said. Large financial institutions are looking at a potential purchase of SVB.

[bcapps66]

OMG! You're still holding that turd ($TMNA)?

[magacrew2020]

i think its halted. probably trying to beg the fed for some ECIP bailout money.

[Invest-in-America]

SIVB: But then --- given the INSANE irrationality of today's Markets --- I wouldn't be surprised if this Sick Puppy nonetheless SOARED today to @HKD's highest levels ever, Boss.

[tedgoeseast]

What happened it says 00 and no bid no ssk

[makinezmoney]

$SIVBP: The preferrreds are down to 12.10 now

HALTED NEWS PENDING On the COMMONS


These haven't droppped as much in comparison to the commons.



Interesting day ahead