2013-08-08-Free Trade of the Day (JPM)

Posted on August 8th, by Mitchell Warren in Free Articles, Trade Ideas. Comments Off on 2013-08-08-Free Trade of the Day (JPM)

 Free Trade of the Day

J. P. Morgan Chase (JPM)

J.P. Morgan Chase

Notes: If J.P. Morgan Chase (JPM) closes higher tomorrow, consider the option trade below.

J. P. Morgan Chase (JPM) Options Trade Idea

Buy the (JPM) Aug. 30 Weekly $55/$57.50 Call Spread for a $0.75 debit or better

(Buying the Aug. 30 Weekly $55 Call and selling Aug. 30 Weekly $57.50 Call, all in one trade)

Stop loss- None

Upside target- $2.00-$2.50

Updates: Dollar General (DG) shares finally put in a short-term bottom today, rising 1.13%. Check out Tuesday’s Free Trade of the Day for an options trade idea. Shares of United Continental (UAL) added 2.20%, closing near the $35 level.

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