Possible JPM SHORT... (maybe?)There may be a potential sell to ride the next wave down for JPM; seems like a double three pattern may be happening at the moment. Currently, it will (probably) undergo its Wave C of Wave Y (I'm not sure, just speculating). A bit tricky on where it would end; i) could potentially push price towards its previous low or lower (around 92.00); or ii) fall short and make a triangle pattern. Just have to wait and see. Price has also broken its higher lows, and has been currently testing its breakout.
P/S: still learning, but its worth to take look at this pattern. I could be all wrong. ;)
JPM trade ideas
Daily JPM forecast timing analysis by Supply-Demand strength20-Jun
Stock investing strategies
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend Analysis: In the midst of a downward trend of strong downward momentum stock price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
View a Chart with Supply-Demand(S&D) strength forecast: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.0% (HIGH) ~ -1.2% (LOW), -0.9% (CLOSE)
%AVG in case of rising: 1.4% (HIGH) ~ -0.2% (LOW), 1.0% (CLOSE)
%AVG in case of falling: 0.4% (HIGH) ~ -1.3% (LOW), -0.8% (CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
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!
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
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.