Someone is bullish $JPM... today someone rolled 8000 of their in the money JPM 9/18 145/155 call spreads to buy 8000x JPM 9/15 160/170 call spreads for 1.53. Look for a breakout above 155 resistance level. If
JPM
gets above the middle dotted line in that channel, it is cleared for take off to 170...green box is profit taking zone.. Max payout on the 160/170C spreads is $8.50 if it's above 170 by Sep 18th expiration.
JPM
gets above the middle dotted line in that channel, it is cleared for take off to 170...green box is profit taking zone.. Max payout on the 160/170C spreads is $8.50 if it's above 170 by Sep 18th expiration.
Comment:
Correction: 8/18 145/155 call spreads not 9/18 145/155 call spreads