Your “FIFTH THIRD BANK TRADE ALERT Buy FITB November $22 Call” for Wednesday, May 31, 2023 is ready!
XLF Major Bank ETF down 13% from Feb top
While KGE regional bank off 40% but options markets are telling us bottom may be in with bullish divergence.
Fifth Third Bank new lows but not new high in implied volatility is a sign that short sellers are out of strength and a profit taking squeeze is set up.
FITB @$25 been $22 to $28 month bottom base
Breakout targets $34
Gaps above $27, $31, and $33 to fill above
Option nearly 6 months
To your success!
Alan Knuckman
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