CMC trade ideas
$JPM bullish pennant in play$JPM broke out of his bullish pennant and it setting the numbers higher. New ATH incoming?
JPMORGAN CHASE (JPM)(NYSE) Sell $113.73 >>> Target $106.74NYSE:JPM
JPMORGAN CHASE & CO
Stock - NYSE (USA)
Profit:Risk = 2.24:1
---
Sell = $113.73
Take Profit = $106.74
Stop Loss = $116.85
------
Take Profit = +6.15%
Stop Loss = -2.74%
JPM inside day after earnings! It's earning season again!
There will be plenty of inside day after earnings trades and this one will be the beginning!
Basically I would only want to take the breakout long in these mega banks,
even if it breaks to the downside,I'll also pay attention to the 106.25 demand zone long!
Let's see how it goes!
JPM(4hr chart). At resistance, Potential EW, 2786.JPM(4hr chart). At resistance, Potential EW, 2786.
the poor man's laddered covered callwhen trading earnings i tend to avoid earnings. because theyre unpredictable. jpm still has a decent weighting on xlf and spy but post earnings IV has been crushed speculators have been masacred.
now's our chance to lay the foundation for a premium opportunity over the next few months. the poor man's covered call is similar to a traditional covered call, except holding 100 shares to sell 1 call.
we can buy 1 ITM leap and leverage that position to sell 1 call against it. since premium has been crushed those leap options are currently on sale, but will reflate over the next few months.
here's the play. im holding 3 may 31st 110 calls for 2.68 (2.68 *3=$8.04) and im selling 4/26 112c, 113c 5/3, 114c 5/10 taking in roughly 150 in credit, but maintaining selling the 30 delta. reducing the overall position from 804-150=$654.
if the market price exceeds the sold strike, the credit received + the spread between the leap and sold will be max profit. max profit (1.50+2+3+4=10.5). adjustments and profits vary as implied volatility changes overtime. so this strategy seeks to gain income off a stock replacement concept in a laddered function
JP Morgan hits record $29.9 billion revenueFor those of you looking for "The Alchemy of Finance - George Soros" you can find it here: epdf.tips
JPMorgan: All signs point to impending melt-up in stocksJPMorgan (JPM) reported record earnings last week with strength across all major lines of businesses amid a “more constructive environment”. The stock jumped 4.2%, the biggest one day move since Nov 2016. With a close above the weekly Ichimoku cloud within reach, all signs point to an impending melt-up in stocks.
JPM: What Bear Market?I've been anticipating a solid return on JPM because they're both a retail bank and an investment bank, and if their traders are better than me (I have no idea?) they would have posted HUGE returns for Q1 2019. I picked up right before the congressional testimony, and the bank CEOs did not disappoint me in their handling of the congressional grilling.
All technicals are strong, and the RSI just barely peaked into overbought territory. However, with such strong earnings, I expect them to continue to rally with some good old fashioned post-earnings announcement drift. Volume spiked, and I anticipate this rally only getting started. MACD looks strongly and the average divergence is only widening. ADX shows a trend beginning to form, and DI+ shot up diverging strongly from DI-.
I wish I had published this idea sooner, but I'm glad I've been holding since early in the week already.
Short JPMFinancials are the worst sector performers in stagflation. Keep the trade on until Q4 of 2019 and it should reward handsomely.
$JPM - double top, going downJPM had a nice run but it's come to an end. I want to short financials....
JP Morgan: Uber IPO set for Thursday? Will JPM rob the bank? LYFT threaten to sue JPM over short-selling, yes, a company that loses money and sold for $25bn!
JP Morgan 4/8/19Short #JPM
Timeframe: Daily and Weekly
Entry: 106.50 - 109.00 to be confirmed by bearish candle and hike of volume.
Stop: 113.00
Target 1: 92.00
Target 2: 89.00
Big guys perspective :
Big guys played around the price to cause Price distribution ranged since Jan 2018 to Nov 2018 until the downside break out in Dec 2018 where they have collected quite a decent amount of liquidity, they shorted it and price shoot down and come up for a retouch now and they could have more sell trades to place at the mentioned entry zone.
Swim with the big fishes, short JPM.
