JP Morgan (JPM) Offering Possible 16.28% Return Over the Next 9 Calendar Days

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JP Morgan’s most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $116.00 short put and a strike $111.00 long put offers a potential 16.28% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $116.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $111.00 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 73.44 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for JP Morgan

J.P. Morgan and IIMA-CIIE’s Bharat Inclusion Initiative to launch a US$9.5 million Financial Inclusion Lab for India’s Underserved Communities
Tue, 07 Aug 2018 09:00:00 +0000
Global banking and financial services provider J.P. Morgan and the Indian Institute of Management Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) today announced their collaboration to set up a Financial Inclusion Lab. The US$9.5 million initiative is aimed at identifying and bringing to scale early-stage fintech start-ups that are focused on helping people in India within the lower and middle income (LMI) segment who earn US$2-US$10 a day. The start-ups will enable access and usage of appropriate financial products and services such as savings, credit and insurance for LMI households.

Bitcoin Dips Below $7,000, Hits Lowest Level in Three Weeks
Tue, 07 Aug 2018 07:42:00 +0000
Investing.com – Cryptocurrencies prices fell on Tuesday, with Bitcoin falling below the $7,000 mark after surging more than 30% last month.

Bitcoin, ‘the best house in a tough market,’ is bouncing back, says Wall Street bull Tom Lee
Tue, 07 Aug 2018 01:34:00 +0000
Wall Street bull Tom Lee says the cryptocurrency is gradually regaining market share, which should comfort bitcoin buffs.

Bitcoin, ‘the best house in a tough market,’ is bouncing back, says Wall Street bull Tom Lee
Tue, 07 Aug 2018 01:34:00 +0000
Wall Street bull Tom Lee says the cryptocurrency is gradually regaining market share, which should comfort bitcoin buffs. The true sign of its return, Lee argued, is bitcoin’s market share. Despite bitcoin ‘s tumble over the past two weeks, Wall Street bull Tom Lee says the cryptocurrency is gradually regaining market share — which should comfort bitcoin buffs.

JPM’s Dimon Sees 10-Year Treasury Yields at 5%
Mon, 06 Aug 2018 19:45:00 +0000
At least one prominent market participant sees much higher U.S. Treasury yields on the horizon. J.P. Morgan Chase’s ( JPM) chief executive officer Jamie Dimon warned over the weekend that investors should be prepared for the 10-year U.S. Treasury yield to rise to 5% or even higher. Dimon’s forecast, given at the Aspen Institute’s 25th Annual Summer Celebration Gala, follows his recent projection that the benchmark yield would reach 4% in 2018.

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