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JP Morgan Chase
Long

JPM Long

By Samirp01
Updated
Given the recent market selloff, the reversal forming on the daily, and with interest rates on the rise, financial companies will begin to rally again. I'm looking to take a long-term position in JPM, given they are a leader in the market and pay a high dividend. Aiming to take next January's ATM (140) calls.
Note
Not to mention a earnings run-up is imminent!
banksChart PatternsfinancialsJPMratesTrend Analysis
Samirp01
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