Originally published on averin.com
Trade type: LONG
Status: CLOSED May 28, 2026
| Price | Date | |
|---|---|---|
| Entry | $27.80 | May 23, 2026 (Fri) |
| Exit | $28.09 | May 28, 2026 (Wed) |
| P&L | +$0.29 / +1.04% | 3 trading days |
Why I Went Long RF
Not every position in a book needs to be a momentum trade. When I'm running higher-volatility names like SOXX and SMCI on the long side and shorting rate-sensitive financials like SCHW, I want a ballast position — something with low correlation to the speculative bets, a yield floor, and steady geographic exposure.
Regions Financial is that trade. The bank operates primarily in the Southeast and Midwest — Alabama, Tennessee, Georgia, Florida — markets with persistent population inflow and above-average employment stability. That geography produces better-than-average loan quality for a mid-sized regional bank. RF's dividend yield at $27.80 entry was approximately 4.4% annualised.
Entry: $27.80 on May 23, 2026.
Trade Path
| Date | RF | Move |
|---|---|---|
| May 23 — Entry | $27.80 | — |
| May 27 — Close | $28.25 | +$0.45 / +1.6% |
| May 28 — Exit | $28.09 | −$0.16 on the day |
May 27 was the peak for RF this week, reaching $28.25. May 28 softened slightly — the broader financial sector faced mild rotation pressure, and RF moved in line with peers, down $0.16 on the day.
Why I Closed Today
I'm closing all seven positions today to realise the week's results cleanly. RF delivered exactly what I asked of it: stable, modest positive return, low volatility, no drama. The +1.04% in three trading days, combined with partial accrued dividend exposure, makes this a quiet success.
It wasn't the exciting trade in the book. It was the right trade in the book.
Closed at $28.09. Net gain: +$0.29 per share, +1.04%.
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