JP Morgan (JPM) Offering Possible 15.74% Return Over the Next 8 Calendar Days

This article was originally published on this site

JP Morgan’s most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $92.00 short put and a strike $87.00 long put offers a potential 15.74% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock dropped below the $87.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for JP Morgan is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for JP Morgan is bullish.

The RSI indicator is at 78.64 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for JP Morgan

Council for Adult and Experiential Learning and JPMorgan Chase Unveil Online Tool Linking Job Seekers to Good-Paying Careers in New York’s Financial Services Industry
Wed, 12 Jul 2017 09:00:00 +0000
Today the Council for Adult and Experiential Learning and JPMorgan Chase & Co. unveiled a new, online interactive career exploration tool called BankingOnMyCareer.com linking New Yorkers to middle skills financial services jobs, those requiring more education and training than a high school diploma but less than a four-year college degree.

JPMorgan launched a new tool to help fill 7,500 finance jobs in NYC
Wed, 12 Jul 2017 04:01:00 +0000
There are thousands of available finance jobs available in New York City, and JPMorgan is trying…

Our Fixed-Income Columnist Hates Bank Stocks for the Second Half
Tue, 11 Jul 2017 20:53:00 +0000
Financials could have a rough few months coming.

Nasdaq extends win streak as stocks digest latest political drama
Tue, 11 Jul 2017 20:38:05 +0000
The U.S. stock market remain resilient Tuesday with the Nasdaq extending its winning streak to a third session as a pair of political developments dominated the news cycle.

Yellen May Trigger Stocks, Banks; Amazon Reviews: Investing Action Plan
Tue, 11 Jul 2017 20:14:14 +0000
Here’s your Investing Action Plan for Wednesday. Fed chief Janet Yellen talks as banks set up for breakouts. Amazon and analysts may offer Prime Day highlights.

Be Sociable, Share!

Related Posts