| July 9th deadline could trigger massive bank selloff By Brandon Chapman, CMT
Another all-time high in the S&P... on the last trading day of the quarter. Window dressing? Maybe. But I'm seeing something else entirely. While everyone's celebrating fresh highs, someone just dropped $400,000 on a single bearish bet against Bank of America. 50,000 put contracts. Expiring July 11th. Here's what makes this trade fascinating: It expires BEFORE Bank of America reports earnings on July 16th. This isn't an earnings play. This is something else. And it's not isolated. Last week I tracked massive bearish positions in Wells Fargo and Morgan Stanley - all targeting prior lows, all expiring July 11th. Why July 11th? What happens before then that has smart money betting against the entire banking sector? Two words: Reciprocal tariffs. July 9th marks a critical deadline. The tariff delay expires, and we could see significant policy announcements that week. I've seen this movie before - April 7th, when tariff news crushed banks and sent gold soaring. Today, gold is already starting to move. Up 1.08% while financials climb 0.87%. That divergence? It's telling me something. Here's what I'm tracking:
• The exact strike prices these big money players are targeting (and why they chose those specific levels)
• How treasury selling could cascade through the banking sector just like it did in April
• The gold trade I just alerted my subscribers to today - and why this could be the start of a major move Look, I get it. New all-time highs feel good. But SKEW is still elevated above 130. The potential downside keeps expanding. All those risks we thought disappeared - Fed policy, tariffs, geopolitical tensions - they didn't go away. They're just waiting for a catalyst. And next week might deliver exactly that. Tomorrow starts a new quarter. Nearly 30% of this entire rally happened in just the past 90 days. If you're going to take profits, this might be your moment. Before you position for the holiday week ahead, you need to see what these banking options are really telling us. [WATCH THE Full VIDEO HERE] Don't let the new highs fool you. Smart money is preparing for something entirely different. -Brandon Helping You Become a Better Trader...it’s What We Do. Experience TheoTrade® Today! Whether you are a beginning, intermediate, or active trader, you will find a treasure chest of valuable trading education resources, both free and paid, that will help take your trading to the next level. We are committed to helping you become the best trader you can be. Disclaimer: Neither TheoTrade.com or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA |SIPC |NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results. TheoTrade PO Box 24790 Christiansted, Virgin Islands 00824
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