If you haven`t sold JPM here: or reentered ahead of the previous earnings:
Now analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week, I would consider purchasing the 147usd strike price Calls with an expiration date of 2023-10-13, for a premium of approximately $1.91. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trading ditutup: target tercapai
JPM traded at $153.14 at the expiration, and the Calls went up from $1.91 to $1.63 for a fantastic 3.2X gain!
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