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danielesala1986

Options - Long JPM over 150.11 - Target 151

Long
JP Morgan Chase (BATS:JPM)  
danielesala1986  
BATS:JPM   JP Morgan Chase
Trend Analysis JPM optionstrading options-trading calloptions
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trendanalysis jpm optionstrading options-trading calloptions
With a 5 min confirmation over 150.11, JPM has room till 151 without roadblocks. Over 151 it may run till 153.

Plan:
- Wait JPM to break 150.11, a break + retest would be perfect. CALL Options @ 150.
- Initial Stop loss below the 5min candle before the break of 150.11
- Exit Profit 70% @ 150.95
- Trail 30% Stop Loss to 150.70
- New Profit Target 152.95
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