The Latest Breaking News from Schwab

Investors who have shorted out-of-the-money puts in Charles Schwab stock have been making good money. SCHW stock is still cheap based on earnings, making this a good play for investors.

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Yesterday, with SCHW trading at 55.55, the May put option with a strike price of 52.50 was trading around $1.20. Traders selling this put would receive $120 in option premium. In return for receiving this premium, they have an obligation to buy 100 shares of SCHW for $52.50.

Charles Schwab stock rose Monday after it beat Q1 earnings estimates. M&T Bank, State Street report results following March bank panic.

Stock futures edge higher with earnings, treasury yields in focus; Week Ahead: busy earnings week, housing data on deck; Prometheus Biosciences soars after $10.8 billion Merck takeover; Netflix 'Love is Blind' live event scrapped after user outage and Charles Schwab earnings up next as broker weathers bank sector storm.

Charles Schwab stock has tumbled 11% in the last month, making its put options very popular with investors who are shorting near-term out-of-the-money puts in an attractive income play.

U.S. bank deposits fell for the 10th week in a row, the Fed reported Friday, Smaller financials reported a small gain. Several banks report earnings next week.

Some observers tout that insider trading can indicate a bearish or bullish outlook for the stock.

The financial firm gets caught in the turmoil caused by the Silicon Valley Bank.