JPM JPMorgan Chase Call Options

By TopgOptions
Updated
If you haven`t sold JPM here:
JPM profit falls in Q1


or here:
JPM JPMorgan Chase Options Ahead of Earnings


then you should know that JPM JPMorgan Chase seems to be most capitalized bank in the US, ready for the economic hurricane that its CEO, Jamie Dimon, predicted.
Most business and retail clients will move their funds to JPM after this bank run.

Looking at the JPM JPMorgan Chase options chain, I would buy the $140 strike price Calls with
2023-7-21 expiration date for about
$3.95 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.




Trade closed: target reached
JPM traded at $139.12 after earnings. Calls are now $6.40 from $3.95 when i wrote this article. Almost 65% gain!
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