Dan Nathan's JPMorgan Options Trade


Crypto Whales Are Loading Up — Are You?

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On CNBC's "Options Action," Dan Nathan suggested a bullish options trade in JPMorgan Chase & Co. (NYSE:JPM) going into earnings. The company is going to report earnings on Tuesday and Nathan believes the stock could move higher and break the $120 resistance.

Nathan wants to have a long exposure, but he wants to define the risk. So he decided to buy the December $120 call for $3. The trade breaks even at $123 or 5.91% above the closing price on Friday.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: OptionsMarketsMediaCNBCDan NathanOptions Action