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Bets Against Signature Bank Stock Paid Off—on Paper, at Least

4 min read 28 Mar 2023, 07:47 PM IST The Wall Street Journal

Some put options holders say their brokers have made it difficult to exercise their options

FILE - A sign is displayed at a branch of Signature Bank in New York, on March 13, 2023. When two tech-linked U.S. banks failed this month, the investors who lost millions included public-sector pension funds responsible for ensuring the retirements of teachers, firefighters and other government workers. (AP Photo/Seth Wenig, File) (AP) — FILE - A sign is displayed at a branch of Signature Bank in New York, on March 13, 2023. When two tech-linked U.S. banks failed this month, the investors who lost millions included public-sector pension funds responsible for ensuring the retirements of teachers, firefighters and other government workers. (AP Photo/Seth Wenig, File) **(AP)**

For options traders, betting that shares of Signature Bank and SVB Financial Group would plummet was the easy part. Trying to cash out has been harder—and, for many, unexpectedly costly.

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Bets Against Signature Bank Stock Paid Off—on Paper, at Least

Some put options holders say their brokers have made it difficult to exercise their options

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