JPM Room to Run

Licia Leslie

Licia Leslie

Licia Leslie

BY LICIA LESLIE 

September 15, 2023 

Hi Shoppers,

JP Morgan Chase (Ticker: JPM)  has had a nice pop which we were able to take advantage of in my Option Shopper trading program.

We paid $1.14 for the Sep22 148 calls on Wednesday and sold them yesterday for an average of $2.17.

That’s over a 90% gain.

And I think JPM has more room to run on the upside.

Check out the chart:

 

 

If it opens higher this morning, I will be looking at next week’s 150 calls:

 

 

Now, if you were an Option Shopper member, I would be giving you the reasons for my trade strategy, exact instructions on entry and exit levels, the next resistance level, and where to place your stop loss.

Come join us on our Shopping Sprees.

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Head of Technical Analysis

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CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain

DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain

PFE May17 26 calls closed for a 66% win

OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain

OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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