Scott Nations Suggests An Option Strategy In JPMorgan (JPM)

, Scott Nations said that JPMorgan Chase & Co.

is the best name in the space that is starting to do better. He added that he wants to stay with JPMorgan Chase & Co. (

) ahead of earnings. He thinks that it will do well in the earnings, but he is going to use options to make a bullish bet. Scott Nations wants to buy the January 36 call in JPMorgan Chase & Co. (

) for $0.50, and he wants to sell the January 37.5 call for $0.15. This call spread would cost him $0.35, and he thinks that he could quadruple his money with this trade. JPMorgan Chase & Co. (

) fell 0.17% today, and it closed at $35.30.