Back on June 19th we detailed a bearish near term trade in shares of JPMorgan (JPM) targeting the July expiration that would catch the company’s Q2 earnings report (read here). The thought at the time …
Continue readingJPM
JP Morgan (JPM) had a tough week with the untimely death of their Vice Chairman Jimmy Lee, who by all accounts was a legend in his own time. The trade that I am going to …
Continue reading
The largest trade in the options market so far today (single stock, etf or index) is an opening sale in JP Morgan (JPM) calls. Shortly after the open and when the stock was $67.29 an …
Continue reading
Here is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1. VIX – call volume exploded yesterday, 2x avg daily. The largest trade on the day is a buy of 25,000 …
Continue reading
Despite Friday’s sell off, most stocks that reported Q1 results last week saw positive price action. Most notable was the performance of a handful of so called bell-weathers that had a tough Q1, but posted gains …
Continue reading
Yesterday Dan wrote about a large trade in QCOM options: Shortly before noon there was an interesting trade that caught my eye. When the stock was $67.50 a trader sold 20,000 Jan 60 puts at 2.72 and bought …
Continue reading
A rising tide is lifting all boats in the financial sector today, led by shares of JPM which are up 3% after being featured on the cover of Barron’s this past weekend (JPMorgan Rising). There …
Continue reading
A couple weeks ago we placed a bearish trade in JP Morgan Chase (JPM). The stock initially went against us, but has since sold off 4% in the last week making the trade a slight winner. To …
Continue reading
Yesterday I highlighted the relative under-performance of Bank Of America (BAC) to its moneycenter bank peers Citibank (C) and JP Morgan (JPM) given the company’s second consecutive request to resubmit their capital return plan following …
Continue reading
Yesterday we made a bearish play into PG’s Q2 results reported this am (read below). With the stock down after the miss we are going to take the quick profit and move on. But this …
Continue reading