Dan Nathan's JPMorgan Chase & Co. Trade

, Dan Nathan suggested that viewers should consider a bearish options strategy in

. He said that the investment bank is going to report earnings on Wednesday and he doubts that the report is going to be good. Nathan is particularly concerned with the guidance because Fed is not in a rush to raise interest rates. The options market is implying a 2.5 percent move on the earnings and the stock has moved only 2 percent on average over the last four quarters. Nathan thinks that some of the problems with European banks could spill over to the U.S. banks, but he doesn't want to have a short position going into ECB meeting. He wants to buy the January 59.50 put for $1.00, which sets a break even for this trade at $58.50. Before making a trade, Nathan wants to wait for a short term bounce because the stock suffered a decline of approximately 5 percent in January.