Lions.. JPM is a buy here.
You can capitalize on this several ways. (PLEASE SEE MY PREVIOUS MESSAGE ON VZ AND NFLX TRADES).
With this JPM trade…. you can buy just ITM calls which expire out 6 months. This strategy carries the most risk, but also has the highest profit potential.
Two. Sell WAY OUT OF THE MONEY puts which expire out 1 month. This strategy carries much less risk.
Three. The least risky strategy is to set up a credit spread- and there are many ways to do this easily.
*** I cover each of the above strategies/how to set them up in detail, plus MUCH MORE in my book A (NOT) So Random Walk On Wall Street.
I'm still in those BABA and INTC trades that supposedly "were a buy" ... and cratering ever since ...
A booming Friday is kind of a rarity. I'm glad today is a rare day! I'm getting some good gains on my XLF positions. YES! 🤩