Scott Bauer's JPMorgan Options Trade

Loading...
Loading...

Scott Bauer, the CEO of Prosper Trading Academy, spoke on Bloomberg Markets about an options trading strategy in JPMorgan Chase & Co. JPM.

The company reported earnings Tuesday and Bauer likes the price action in the name after the report. He wants to buy the March 103/108 call spread for $1.50. The trade breaks even at $104.50 or 2.77 percent above the current stock price. If the stock move to $108 or higher at the March expiration the trade is going to reach its maximal profit of $3.50.

Date of Trade
ticker
Put/Call
Strike Price
DTE
Sentiment
Posted In: OptionsMarketsMediaBloomberg MarketsScott Bauer
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...