Mike Khouw's JPMorgan Options Trade

On CNBC's "Options Action", Mike Khouw shared with the viewers his options trade in JPMorgan Chase & Co. JPM, ahead of the earnings, scheduled for July 14.

Khouw thinks it would be a good idea to buy the July 94 call for $1.50. The trade expires on July 21 and it breaks even at $95.50 or 1.76 percent above the closing price on Friday. Khouw believes that it is better to buy the call than to own shares of JPMorgan, ahead of the event.