Long JPM via calls

Banks are finally starting to recover and move a bit, as denoted with my other trades.

Long 2x Jul20 $108 calls at $2.55.

Stop: 106.24
Target: 112
Trade closed: stop reached: Stopped out for 1R loss here.
Do you still like it after stress test results?
Benji odeaolay
Hi odeaolay,

I don't pay much attention to the fundamentals. If price stops me out or too much time has passed (Decaying options) then I will look to exit the trade.
@Benji, Makes sense, I was considering JP for a while with financials underperforming market it seems like a steal.
Benji odeaolay
@odeaolay, The risk/reward here definitely much better than it was near the end of February, which is why I liked the trade. I am still working on ways to figure how to be longer term with options.
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