Reallifetrading

JPM over earnings put sale

NYSE:JPM   JP MORGAN CHASE & CO
I'm noticing Today that options are pretty cheap for next week on JPM             And WFC             .

If you're an earnings trader and you know your R and comfortable with gaps, both WFC             and JPM             offer VERY CHEAP options <at least that's what their option chain shows now> for next week.

Buying a 58 next week put for .11 (Monday) and .09 on WFC             both expiring Friday could be directional option plays JUST in case the stock gaps down. One bank will gap down for sure. No idea which one..

Anyone who MIGHT want to own JPM             almost 20% cheaper than it is right now, could sell this put.
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