GSeay
Long

Possible JPM swing trade 5/3/16

NYSE:JPM   JPMORGAN CHASE & CO
14 0 1
If JPM             retests the 100 SMA before May 17th and confirms bullish after 2 days I will enter with a trigger at 61.00 and a stop at 59.22. I will buy 57.50 June calls with a 2R target. If the order doesn't fill in 3 days or shows a bearish confirmation past the 100 I will cancel the order. Once triggered I will let this trade go for 5 days before deciding to move stop or exit the trade.

If JPM             retests the 100 SMA and confirms bearish to sideways I will consider if there are any credit spread options at that time or I will wait until a new gap and trend becomes more clear.
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