If you haven`t sold JPM here: or bought it here: Then analyzing the options chain of JPM JPMorgan Chase prior to the earnings report this week, I would consider purchasing the 145usd strike price Calls with an expiration date of 2023-7-21, for a premium of approximately $4.15. If these options prove to be profitable prior to the earnings release, I would sell...
If you haven`t sold JPM here: Then looking at the JPM JPMorgan Chase & Co. options chain ahead of earnings , I would buy the FWB:124 strike price Puts with 2023-4-14 expiration date for about $1.35 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
With the recent news of SIVB's collapse, there is now fear in the market towards banks. JPM showed very impulsive rejection at a previous weekly/monthly area of support which is now acting as resistance. Could be a great opportunity for puts with expos a month out.
If you haven`t shorted JPM after the Q1 results: then ahead of Q2 earnings I would buy the following JPMorgan Chase & Co. (JPM) puts: 2023-1-20 expiration date $113.19 entry price (approximatively) $90 strike price $3.15 premium/share Looking forward to read your opinion about it.
JPMorgan Q1 net income $8.3 billion, or $2.63 per share, -42% from Q1 of 2021 when JPM posted a profit of $14.3 billion, or $4.50 per share. I expect a retracement to the $119 support on this news, if not even lower.