Declan I wouldn't be overly bullish on bank collapses. Most--the vast majority of them are not SVB, which was so bad that around 80% of its assets were toxic bonds that were totally uninsured and not backed by liquidity. Basically they were running almost entirely on leverage that was backed by absolute garbage. This isn't to say that there isn't a shit tonne of unrealised losses on the books of other banks floating out there in the finance universe, but I'd be very, very surprised if DB was holding anything close to what SVB was. Even CS hasn't been nearly a reckless.
Additionally I'd be careful with silver bonds. I don't think those contracts you've got are terrible bets but trying to time them so you don't get turkey-slapped by theta will be difficult. If there are bank runs and silver does spike, I would expect that to correct very rapidly as silver hoarders flood the market with it having sat on negative equity or parity from a couple of years ago when metal fever hit, as well as the routine traders who buy in/out with the tides. Those calls could print. But it's pretty high risk IMO. Most of what is bet on by the average punter in the contract for difference casino expires worthless.
High risk indeed it is, but if you hit, it is life changing. I will put a bit of thought into this evening. I have been traveling and it is difficult to keep up.
Aside from the banks, the fed are caught now, if the raise the rate target it just widens the invert on the yield as the long rates are coming down.The 10 year at 3.43%.
The debt ceiling and upcoming surely bad reports will also shake things.
Today is a big options expiration as well.
Bad news is always released after the close Friday, if possible, so we shall see.
