a whale with a lot of money to spend has taken a noticeably bearish stance on first republic bank looking at options history for first republic bank frc we detected 108 strange trades if we consider the specifics of each trade it is accurate to state that 36 of the investors opened trades with bullish expectations and 63 with bearish from the overall spotted trades 76 are puts for a total amount of 13005786 and 32 calls for a total amount of 3157083 taking into account the volume and open interest on these contracts it appears that whales have been targeting a price range from 600 to 1200 for first republic bank over the last 3 months in terms of liquidity and interest the mean open interest for first republic bank options trades today is 38934 with a total volume of 20570300 in the following chart we are able to follow the development of volume and open interest of call and put options for first republic banks big money trades within a strike price range of 600 to 1200 over the last 30 days first republic bank option volume and open interest over last 30 days where is first republic bank standing right now   with a volume of 44582258 the price of frc is down 1261 at 839   rsi indicators hint that the underlying stock may be oversold   next earnings are expected to be released in 33 days options are a riskier asset compared to just trading the stock but they have higher profit potential serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely if you want to stay updated on the latest options trades for first republic bank benzinga pro gives you realtime options trades alerts