FRC - reports are that it's just a deposit, no dilution involved .... I also added shares at $22.19 and sold $22.5 calls for $3.69 for a cost basis of $18.50 ..... we'll see what tomorrow brings. If the option premiums remain this elevated I'll probably take another position expiring next Friday. They started trading the weekly's today due to the very heavy options volumes amidst all the speculation and hedging.
REUTERS 3:42 PM ET 3/17/2023 - First Republic Bank(FRC) is in talks to raise money from other banks or private equity firms by issuing new shares, the New York Times reported on Friday, citing three people with knowledge of the process.
First Republic did not immediately respond to a Reuters' request for comment.
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