Lions..
JPM is a buy here-
How to play it. Buy just ITM calls with a strike price out 6 months. OR set up a credit spread, OR sell PUTS.
LEARN HOW TO SET UP CREDIT SPREADS AND HOW TO SELL PUTS. These strategies MUST MUST MUST be in your trading arsenal.
I cover this in my book A (NOT) So Random Walk On Wall Street.
Hi "Lions", I have followed Greg since since the start of this newsletter. I love Greg, his heart for charity and his work. Please take what i have to say as good intention. Please DYOR before playing with options and even then be careful with spreads. What will you do if you are short a contract and someone exercised it? If you can't answer that, you need more education. If you're just trying to get rich, it won't happen and you will loose BIG. Instead of trading, please look into investing into dividend paying stocks instead. (Not financial advice). Context is, I know my ex has a huge appetite for gambling and got in at the high of highlighted stocks of jan/feb. Word from mutual friends is that he is now in financial ruin. Not my problem, he gambled on our relationship at New Years and got caught and lost. Please think about your future and only play with money you can loose. Anytime you buy a straight call, expect the money to be gone. Essentially, you are playing with an ice cube sitting on foil on a very hot day. Know your theta decay. Benefits the seller and not buyer.
Bought these calls. Barely any movement on this symbol. I’m hoping Greg knows something no one else does