Previous close | 0.5000 |
Open | 1.2600 |
Bid | 1.1500 |
Ask | 1.3100 |
Strike | 425.00 |
Expiry date | 2024-01-19 |
Day's range | 1.2600 - 1.2600 |
Contract range | N/A |
Volume | |
Open interest | 791 |
The current environment in the banking industry has left a lot of investors concerned and confused. Bank stocks generally do well when interest rates are rising, particularly when the economy is not in a recession. In recent weeks, three banks -- SVB Financial's Silicon Valley Bank, Signature Bank, and Silvergate Capital -- have failed or collapsed.
The market may have some answers post-Fed decision, but things are still on edge.
Year-over-year CPI, or the "inflation Rate," came in at +6.0%, just as expected, and 40 bps lower than January.