Benji
Long

JPM - J.P. Morgan Chase

NYSE:JPM   JPMORGAN CHASE & CO.
Banks have sold off here and I believe if the market can start to move again, financials will recover. I structured a Super bull for this trade.

Trade: In chart.

Overall, $.46 credit on the trade.

Current risk: $454

Current R/R: 10.2% ROC (likely to increase if I can capture profits in the call spread.
Trade active: Closed out the call spread here for a $89 winner. I'll keep the put spread on for a little while longer to capture more premium.
Comment: 106/110 call spread: $134 open -> $224 close.
Trade closed manually: I take that back, JPM moving nicely right now. I took off the put spread because I saw about $.25 more in upside over the course of 67 days - probably not worth the trouble in the end. Closed put spread for $1.00.

Overall, net closing price was $1.23 credit. This is a $169 profit on $454 buying power in 17 days (~37.22 ROC)
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